PETALING JAYA: Kedah Menteri Besar’s Role in Unraveling RM40 Billion Langkasuka Project
Explain Dubai Firm’s Exit from RM40bil Langkasuka Project, Sanusi Told
Kedah PKR Youth chief Taufiq Johari has urged Kedah Menteri Besar Sanusi Nor to explain the reasons behind a Dubai-based conglomerate’s withdrawal from the proposed RM40 billion 99-island Langkasuka land reclamation project in Langkawi.
BZI Group’s Decision Reflects State Government’s Inability to Inspire Confidence
Taufiq, who is also Sungai Petani MP, expressed disappointment over BZI Group’s decision to quit the project, which was expected to spur economic activity on the island. He blamed the state government for its weakness in strategic planning and managing large investments. According to BZI managing director Sheikh Midhat Kidwai, the company no longer saw value in the project, which was expected to be completed within the next 15 to 20 years.
Project Details and Concerns
The proposed Langkasuka project, spanning 800ha, will have nearly 90% of the area located in the sea near Padang Matsirat. The project is expected to be completed within the next 15 to 20 years. If abandoned, it could affect the state’s overall image as a tourist destination and the Visit Kedah Year 2025 campaign, with tourists preferring to visit Thailand instead due to its better infrastructure and more appealing attractions.
Questions and Concerns
Taufiq also expressed concern over how the state government would prevent similar investors from pulling out in the future. He urged Sanusi to reveal the measures taken to ensure the project’s success and to address the concerns of the people of Kedah, especially in Langkawi.
Conclusion
The withdrawal of BZI Group from the Langkasuka project raises questions about the state government’s ability to attract and retain investors. It is crucial for the government to provide transparency and clarity on the project’s status and future plans to alleviate concerns and restore confidence among investors and the public.
FAQs
Q: What is the Langkasuka project?
A: The Langkasuka project is a proposed land reclamation project in Langkawi, Kedah, which aims to develop a cluster of 99 islands at a cost of US$9.6 billion (RM40 billion).
Q: Why did BZI Group withdraw from the project?
A: According to BZI managing director Sheikh Midhat Kidwai, the company no longer saw value in the project, which was expected to be completed within the next 15 to 20 years.
Q: What are the concerns raised by Kedah PKR Youth chief Taufiq Johari?
A: Taufiq expressed concerns over the project’s potential abandonment, the state government’s inability to inspire confidence among investors, and the potential impact on the state’s overall image as a tourist destination.