AFTER keeping a low profile for the last 16 years, developer Ting Pek Khiing will embark on a multibillion-ringgit development project in Langkawi.

The Langkawi New City project, expected to cost RM30 billion, will be located on 81ha of reclaimed land off the west side of the island.

The project, which will be undertaken by his group of companies, will be launched today, he told a media briefing in Langkawi yesterday.

He did not name the companies.

Ting said the project will see the construction of 30,000 high-end condominium units, commercial centres, berthing facilities for ocean liners and yachts, and other facilities.

“Several companies in our group will be involved in the development, which is expected to be completed in 10 years’ time, or even earlier.”

He said the project will spur foreign investments in Langkawi, and will be the biggest that he has ever embarked on since he started business on the island in 1991.

Ting built a hotel on the island in a record 100 days, in preparation for the inaugural Langkawi International Maritime and Aerospace exposition that year.

The Sarawak-born businessman said he has spent more than 20 years on the development plan, adding that it has won recognition from developers in France, Russia and South Korea.

“This project is bound to be the biggest-ever development of its kind in the northern part of Peninsular Malaysia.”

He said the project’s environmental impact assessment has been conducted.

“This development will akin to that of Dubai. This project will get more people to invest and stay here for a longer period, rather than for just one or two days.” – Bernama, June 1, 2018.