ALOR SETAR: OPen Road Asia Sdn Bhd and Permodalan Kedah Bhd has entered an agreement to develop a premier tourist and motorsports destination in Langkawi island.
The OPen Road International Circuit and Integrated Resorts will be built on a tract of 183 acres of sea-facing land in Bukit Malut.
The RM1.3bil mega development will not only encompass a FIA-sanctioned motorsports circuit but a fully-integrated resort which consist of luxury residential properties, high-end luxury retail outlets, 5-star hotels, 4S automobile dealerships, 900-cars storage facility, petrol refuelling stations as well as various tourist attractions and world-renowned restaurants.
OPen Road Asia founder and group advisor Datuk David Goh said the integrated development is expected to provide an immediate high impact economic boost to Pulau Langkawi and Kedah upon its completion in five years’ time.
"With a projected increase of high-spending and affluent tourists’ arrival both locally and internationally, it is envisioned that this project will help create an endless stream of business and job opportunities for Kedahans via the island’s economic expansion," he said.
The racing circuit, modelled after Germany's Nurburgring, will score a number of world’s first in racing circuit designs that will include one of the longest circuit straight in the world, as well as banked curves or carousel, and down-hill-elevation-drop multiple hairpins.
"This 5.8km-long racing track is poised to be the 'Nurburgring of the East'," Goh said.
Upon ORIC’s completion by the second quarter of 2023, the world-class racing attraction will put Langkawi at the forefront of motorsports in Asia, providing a platform to nurture automotive research and development, testing ground and racing destinations for major automotive manufacturers, motorsports enthusiasts and racing teams the world over.
At the event, Kedah Mentri Besar Muhammad Sanusi Md Nor said project which would boost tourism in Langkawi through a world-class racing circuit was very appropriate.
"I would like to invite every agency and department involved to help facilitate this proposed project between PKB and OPen Road Asia Sdn Bhd,” he said.
At the ceremony, Goh signed for OPen Road Asia while Permodalan Kedah was represented by its CEO Abdul Rahman Din.