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,February 11, 2022[:]