DESPITE the soft property market largely due to the Covid-19 pandemic, there has not been a slowdown in mega land reclaimation projects in the country.
At end-March, Widad Business Group Sdn Bhd (WBG) announced a RM40bil mixed development known as Widad@Langkasuka in Langkawi where the centrepiece will be a 1,000-acre, man-made island. The project is a 50:50 collaboration with Bin Zayed International LLC (BZI), and will be developed over 15 to 20 years.
WBG said currently, almost 90% of the 1,979-acre site consists of the ocean, and the joint venture intends to build a man-made island which will eventually span 50% of the entire area.
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