blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

Malaysia to have US$303m 'Arab Cities'
Posted: 29 April 2009 1633 hrs

  Malacca town (hill-top view)
 
Photos  of

   
 


KUALA LUMPUR: Arab investors will spend 303 million dollars on building two "Arab Cities" to lure Middle Eastern tourists to the historic Malaysian town of Malacca, a report said.

The 1.1 billion ringgit project includes an Arabian bazaar, Middle Eastern restaurants, shopping complex, five-star hotel, water theme park, and a unisex Arabic health and beauty spa, the Star daily said on Wednesday.

One of the "Arab Cities" will be built on a small island lying south of Malacca town, while the other will be located at a beachside resort just west of the historic port, it said.

Malacca chief minister Mohamad Ali Rustam reportedly said the project, due for completion by 2012, will attract more Middle Eastern tourists and give locals a chance to experience Arabic culture.

Malaysia's tourism industry has seen a sharp rise in the number of big-spending tourists from the Middle East in recent years, attracted by the tropical country's Islamic image.

Some 264,338 visitors from the region made their way to Malaysia last year, almost double the figure recorded in 2005.

The capital Kuala Lumpur has already seen the introduction of an "Arab Street" to make tourists from the Middle East feel at home, while hotel and restaurants serve West Asian food and bring Arab cooks to work in the country.

Tourism was Malaysia's second highest foreign exchange earner in 2007, raking in 14 billion dollars in revenue from 21 million tourists arrivals.

The government, however, expects tourist numbers to fall 9.3 per cent to 20 million this year as the global economic slowdown hits.


- AFP/so

 


Other business News
Eurozone sets conditions for Greek bailout
Banks agree US$25b deal for US homeowners
China releases Jan trade data
Flights back to normal Friday after strike: Air France
M'sia trade expected to grow at slower pace
US stocks gain on Greece, bank mortgage deal
Euro edges up as Greece inks reform deal
Oil prices rise on Greek deal
Eurozone stalls Greek cash aid pending new conditions
China says January exports expected to have dropped
Greece says agreement reached on austerity measures: ECB
ECB holds key interest rate steady at 1.0%
OPEC cuts 2012 oil demand forecast
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation
China's Alibaba raising US$3b for Yahoo! stake

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions