||Asean Affairs 27 June 2013
Brunei investor pours RM30m into Labuan hotel complex
LABUAN has received a whopping RM30 million investment from a prominent Brunei investor for the construction of an international standard hotel and textile complex.
It is the largest investment to date and is expected to enable the island to regain its glory from the '80s as the hub of fabric and branded clothes.
Speaking to Bernama yesterday, Labuan Corporation (LC) chairman Datuk Yussof Mahal said the investment augured well for the development of the island.
"LC has given the nod for the investor to commence construction after the building plan was submitted and necessary requirements fulfilled," he added.
He said construction of the five-story hotel, with the attached fabric complex, would be built at downtown Jalan Dewan.
"The prime land, leased to the hotel, is expected to generate revenue for LC, and at the same time, help create employment opportunities to boost economic activities," he added.
Labuan is now focusing on tourism to increase revenue with various strategies in place to woo more tourists to visit the island.
Yussof said Labuan had also been seeing increasing tourist arrivals every year but the pace of growth was too slow.
"There are a lot of things that need to be done for Labuan to get the attention of people, both at home and overseas.
"It is imperative though that we look into the various facilities and programmes that we can offer," he added.
He also commended Malaysia Airlines for offering two additional flights to Labuan since June 15, from its existing two.
"This will help Labuan receive more visitors in the long run," he added.