Melaka – KAJ Development Sdn Bhd (“KAJD”), the renowned Melaka Gateway developer, is pleased to announce that the project has been revitalized in accordance with the approved guidelines and regulations. With State and Federal support on all necessary approvals, the MYR43 billion megaproject is back on track.
Melaka Gateway’s revival has gained traction as a result of the involvement of new shareholders and investors, as well as the formation of a dynamic leadership team. As a result, the team is eager to get started on the project and will launch a rebranding campaign in line with its initiatives to transform Melaka into a thriving tourist destination by capitalizing on its historical significance as a major trading port.
Melaka Gateway’s infrastructure development has resumed with the construction of Melaka International Cruise Terminal (“MICT”). As the only international cruise jetty with exclusive operating rights from the Melaka State Government, KAJD’s MICT will be the sole entry point for international cruise and ferry traffic to Melaka.
When completed, MICT will be able to accommodate cruise ships, bringing an estimated 3.5 million tourists to Melaka Gateway each year. The arrival of these cruise ships will have a significant impact on Melaka’s development. It is expected to boost tourism in the area and further establish Melaka as one of the world’s most popular tourist destinations. As a result, the local economy will benefit.
“We express our heartfelt gratitude to the Federal and Melaka State Government for their profound recognition of the Melaka Gateway project’s enormous potential. Transport Minister YB Anthony Loke’s commitment to facilitating the Melaka Gateway project is a positive step forward. By working closely with Chief Minister YAB Datuk Seri Ab Rauf Yusoh, there is a strong foundation for this project’s success. Their invaluable assistance in revitalizing this project has unquestionably instilled new strength into the project’s trajectory. We recognize the enduring support of the local community with heartfelt gratitude, a cornerstone that has been critical in not only fueling the team’s inspiration but also maintaining the momentum of this project,” stated YB Dato’ Daing A. Malek Bin Daing A. Rahaman, Executive Chairman of KAJD. He added, “Through our collective efforts, we have been successful in fostering renewed confidence among our esteemed shareholders. We look forward to working collaboratively with all parties involved.”
Melaka Gateway is a multi-sector development ecosystem that includes tourism, hospitality, lifestyle, education, healthcare, residential, and commercial sectors. The first island (“PME1”) will serve as the focal point of the initial phase of development, with the goal of becoming a popular tourist destination. There will be elements of UNESCO World Heritage Sites, a floating restaurant on the Cheng Ho Treasure Ship, the MICT, and a congregation of international festivals and celebrations.
“The Melaka Gateway incorporates green initiatives to deliver economic potential, with a new focus on sustainability and Environmental, Social, and Governance (“ESG”). With the project, we are now poised to shape a sustainable and promising future for all, with up to 45,000 new jobs expected to be created by 2032,” said Dato’ Mircle Yap, Strategic Development Director of KAJD.
He added, “Furthermore, we anticipate an average spending of USD 200 per person that cruise ships will bring in once the MICT is completed and operating at full capacity. Passengers tend to spend significantly more, benefiting the local economy and tourism industry. Leveraging the proximity to international airports in places like Melaka for cruise terminals is a strategic advantage. This significant contribution is expected to bring an estimated RM3.2 billion per year into the country, bolstering the local economy and cementing Melaka Gateway’s position as a key player in the country’s tourism sector. This is a promising development for Melaka and Malaysia as a whole, and it underscores the importance of the tourism sector as a driver of economic growth.”
Melaka Gateway, which enjoys the full support of the Federal, State Government, and the local community as a stakeholder, is poised to transform Melaka into a thriving economic hub, bolstering Malaysia’s position as an appealing development and sustainable tourism destination.