Treasure Bay designated as integrated tourism zone
January 25th, 2008
PETALING JAYA: Landmarks Bhd, which is developing the 835.56-acre Treasure Bay on Indonesia’s Bintan Island, has signed an agreement with PT Wisata Hiburia to designate the land owned by the former as an international Exclusive Integrated Tourism Zone (EITZ).
Landmarks said in an announcement yesterday that the land would be zoned for medical tourism, gaming and information technology hosting and would comprise an integrated resort, commercial and residential properties.
It said the zoning and collaboration with PT Wisata Hiburia would greatly enhance the development potential of Treasure Bay as a leading tourism destination in the region. Landmarks added that the zoning fee payable to PT Wisata Hiburia would be based on 10% of the net profit on the sale of the proposed integrated resort development.
Source: http://biz.thestar.com.my/
Entry Filed under: World Tourism News
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