Royal Caribbean investing in new cruise terminal in Malaysia

In:
07Feb2014

Royal Caribbean is one of the investors in a 246-hectare Melaka Gateway project that aims to build a brand new cruise terminal, theme park, seven-star hotel and the Malaysia Eye in Malacca, Malaysia..

TTG Asia reports the mega project will be comprised of one natural and two man-made islands with an estimated gross development value of $12 billion (US).

Royal Caribbean is investing in the plan that was created by KAJ Development.  

Royal Caribbean V.P., Commercial and New Business Development, John Tercek, believes the new cruise termincal can, "grow and boost tremendously the cruise market for Melaka and the region in the years to come."

The project is slated to be completed by 2025 and is expected to increase the port's importance.  The new Melaka International Cruise Terminal and Ferry Terminal will be able to accomodate up to three cruise ships, a world-class maintenance and repair facility for mega yachts and the region’s largest marina with up to 1,000 berths.

The Gateway Beacon Tower, a 288m tower with over 80 storeys, will be home to a seven-star hotel and premium condominiums. Marina villas with individual berths right at the resident’s doorstep will also be available.