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KUALA LUMPUR: Tropicana Corp Bhd has entered into a strategic partnership with Powerchina International Group Limited (PowerChina) to kickstart the development of Tropicana Paradise in Genting Highlands.

The memorandum of agreement was inked between Tropicana Inspirasi Indah Sdn Bhd and Tropicana Inspirasi Impian Sdn Bhd, wholly-owned subsidiaries of Tropicana, and Powerchina International Group Limited together with Sinohydro Corporation (M) Sdn Bhd, a wholly-owned subsidiary of PowerChina, Tropicana said in a statement.

Complementing the already vibrant Genting Highlands, Tropicana WindCity is a 596-acre mega master-planned township development starring the 308-acre Tropicana Paradise as the main catalyst.

The highlight of Tropicana Paradise is an integrated entertainment hub that offers a total of 1.5 million sq ft of entertainment choices and 1 million sq ft of retail options across 38 acres.

The property developer said Tropicana Paradise was conceptualised to include modern serviced apartments with an emphasis on smaller one- and two-bedroom units, branded residences as well as 4- and 5-star international brand hotels.

Tropicana group chief executive officer Lee Han Ming said the partnership with PowerChina showed united commitment towards building a sustainable future as well as Tropicana’s strategic selection of strong partners.

“PowerChina is a global powerhouse and a Fortune 500 company with a strong presence in the construction and engineering industry.

“With their expertise and construction financing, we are confident PowerChina will bring Tropicana Paradise to the next level,” Lee said.

Source: The Star, Commodities / February 11, 2022

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