Genting invests RM1b on new JPO attractions
JOHOR BARU (Dec 12, 2011): Prime Minister Datuk Seri Najib Tun Razak said the Genting Group will invest RM1 billion on new attractions in phase two of the development of Johor Premium Outlets (JPO) in Kulaijaya.
Najib, who launched JPO early yesterday, said the new attractions include a water theme park, convention centre and 2,000-room hotel.
"The Genting Group will also spend RM100 million to build 60 more outlets at JPO, which are expected to be completed in a year," he told reporters at the media conference after Iskandar Malaysia's fifth anniversary celebrations at Puteri Harbour, Nusajaya yesterday.
Also present were Johor Menteri Besar Datuk Abdul Ghani Othman and Khazanah Nasional Bhd managing director Tan Seri Azman Mokhtar.
JPO is the 70th Premium Outlets megastore in the world and the first in Southeast Asia.
It features some 80 brand names at discounts of 25% to 65% every day.
JPO is a joint venture between Genting Group and the Simon Property Group of the US. – Bernama