Kuala Lumpur, 21st September 2021 – A signing ceremony involving BDB, BDBMBI, and LADA for development proposal agreement of Langkawi Premium Outlet was held today in Dewan Hasil, Inland Revenue Board of Malaysia (LHDN), State Director’s Office Federal Territory Kuala Lumpur. This ceremony was witnessed by Minister of Finance, YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz and was also attended by President and Chief Executive Officer of BDB Group, Faris Najhan bin Hashim.
Also present were Secretary General of Treasury, Dato’ Asri bin Hamidon; Undersecretary of Statutory Body Strategic Management Division (SBM), Dato’ Mohd Zafir bin Ibrahim; Deputy Secretary General (Management), Prime Minister’s Department, Datuk Mohammad bin Ismail; Deputy Director of National Budget, National Budget Office, Dato’ Suhara binti Salleh, and Chief Executive Officer of LADA, Tuan Nasaruddin Abdul Muttalib.
The development of first phase known as ‘Malaysia Designer Outlet’ is expected to begin in October 2021 and fully complete in July 2022. Focus is given towards efforts in promoting and preparing platforms for local fashion designers and F&B outlets to expand their businesses and talents to domestic as well as international tourists. An approximate of 100 career opportunities is expected to be offered, thereby helping to further boost the locals’ economy. The second phase which is also the heart of this project will see the start of ‘Premium Outlet’ development effective January 2022, which is expected to fully complete comes March 2024. This phase will offer customers with more international premium brands at competitive prices, hence enabling such development to emerge as Langkawi Island’s latest tourism destination and attraction.
Meanwhile, Tuan Nasaruddin bin Abdul Muttalib, Chief Executive Officer of LADA was quoted as saying “The integrated commercial development of Langkawi Premium Outlet is proposed with the grand intention of establishing a new tourism product attraction with branded retail outlets, the island’s first of its kind. We hope this development project will be an added value to the growth of Langkawi’s tourism industry.”
Source: Bina Darulaman Berhad (BDB)
