Tradewinds Corporation reveals $1.2bn project
Perdana Quay, in Malaysia, to echo Monaco, Malibu and the Maldives
Tradewinds Corporation, a leisure and hospitality owner-operator in Malaysia chaired by Emaar chief Mohamed Alabbar, has unveiled the masterplan of its flagship $1.2bn project Perdana Quay in Langkawi.
Perdana Quay is the island's first integrated leisure, retail, residential and commercial development, targeted at luxury travellers seeking an ecological and nature-oriented option to more conventional destinations like Phuket and Bali.
Malaysian Prime Minister Mohd Najib Tun Razak unveiled the masterplan and also marked the ground-breaking of The Burau Langkawi, a luxury deluxe resort that marks the first phase of Perdana Quay, in the presence of Dr Mahathir Mohamad, former Prime Minister, Mukhriz Mahathir, the Chief Minister of Kedah state; and Alabbar.
The Burau Langkawi is expected to be completed by end-2017, and will feature 245 deluxe rooms and 60 luxury villas including 26 ultra-luxury villas on Pulau Anak Burau.
Overall, Perdana Quay will echo of some of the most famous resort destinations in the world, including Malibu, the Maldives and Monaco.
Alabbar said: "Perdana Quay will energise the economy of Langkawi by creating a world-class leisure and lifestyle destination. It will be a magnet for tourists, as well as for investors seeking high-end residences in a spectacular beachfront location.
"We are thankful to the authorities for their support and encouragement to the project. Tradewinds Corporation will bring world-class design and construction competencies to Perdana Quay, which will create new jobs, support local industries and strengthen the tourism sector."
Nestled in a sheltered bay on the island's north-western corner facing the Andaman Sea, Perdana Quay will be developed over 10 years in six phases and is aimed at tourists from fast-growing Asian countries like China, Singapore and the Middle East.
Spread over 240 acres of land at Pantai Kok-Teluk Burau on the northwest of the island, the project will be developed into five distinct components, including waterfront holiday villas, lake homes and other luxury residential properties.