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KUALA LUMPUR: Property developer, DA Land Sdn Bhd, will develop indoor and outdoor world-class theme parks on a 20.4ha site in Rawang, costing a cumulative RM5 billion next year.
The mega development project, namely Two, is set to transform the development landscape along the northern corridor and is expected to be completed in 2018, CEO Derek Chew said.
The project will be partially funded by bank borrowings, while the balance through internally-generated funds," he told Bernama today.
The Two is designed to be a three-in-one theme park resort, a wholesale city and a mall outlet.
It will feature outdoor, semi-outdoor and indoor parks and gardens, with more developments expected in its future phases to make it the largest theme park of its kind in the world.
"The Two is a truly integrated development, each component drives the synergy of each other," Chew said in a statement to announce the launch of the project.
He said the unique location and the direct access to and from the North-South Expressway would ensure the project's future sustainability and its prospective status as an iconic Malaysian retail development.
"The Two can be a wholesale regional hub for Asean as Malaysia is a strategic point in Asia for travellers," he said, adding that it could be an ideal rest stop for long distance travellers along the expressway.
Chew said the Two was an ideal investment prospect as the hidden value of this project lies in the types of patrons it would attract.
"A retail investment in the Two is a golden opportunity," he added.
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