Plans afoot to transform Labuan – New Straits Times

Plans afoot to transform Labuan  New Straits Times

KUALA LUMPUR: Labuan is set to see its economy being significantly revived by the second half of this year, a result of a sweeping overhaul of the way the island city has long operated. In a grand plan that will see Labuan being transformed from a dead city since the recent oil and gas industry collapse to one of Asean’s top tourist hotspots, private investments are set to be the key to drive the city’s economic growth. Korea’s largest property developer Donggwang Clark Corp as wel as Malaysia’s Berjaya Corp Bhd, Shin Yang Shipping Corp Bhd and Nam Cheong Ltd are among the household names t…

Source: Property New Feed