KEDAH
OPen Road Asia, PKB inks joint development deal for racing circuit, resorts in Langkawi
By NST Business March 31, 2021 @ 3:22pm
ORA founder and group advisor Datuk David Goh said this ORIC integrated project, with a gross development value of RM1.3 billion is expected to provide an immediate high impact economic boost to Pulau Langkawi and the state of Kedah, and Malaysia upon its completion in 5 years’ time.
Quote:
KUALA LUMPUR: OPen Road Asia Sdn Bhd (ORA) and Permodalan Kedah Bhd (PKB) today inked a joint venture (JV) to develop a premier tourist and motorsports destination in Malaysia, the OPen Road International Circuit (ORIC) & Integrated Resorts (IR) in the resort island of Pulau Langkawi.
The ORIC is set to be developed atop a tract of 183 acres of sea-facing land in Bukit Malut and will encompass a FIA-sanctioned motorsports circuit.
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https://www.nst.com.my/business/2021...ircuit-resorts