Success Circle Sdn Bhd, a leading private investment company, through Success Diar Sdn Bhd aims to complete its RM300 million five-star international luxury resort, Movenpick Hotels and Resorts, on a 18.2ha piece of land in Chendering by the end of December 2015.
Success Diar is a joint-venture company between Success Circle and Qatari Diar Asia Pacific Ltd.
Success Circle Group managing director Awalan Abdul Aziz said the resort, with 198 rooms, 20 serviced apartments and nine pavillion-type rooms, is expected to begin operations in the first quarter of 2016.
“The beach resort will also come complete with a spa, sports club and games room, swimming pool, food and beverages outlets and also numerous retail outlets,” he told a press conference today after the ground breaking here today.
The Sultan of Terengganu, Sultan Mizan Zainal Abidin, opened the ceremony, accompanied by Menteri Besar Ahmad Said.
“More than a tourism initiative, this development will also provide an economic stimulus for the east coast of the nation,” he said, adding the project will create additional business and job opportunities for the locals, especially in the tourism and entertainment sectors.
KLCC Projects Sdn Bhd is the project manager, with architectural designs by Hassell Studios in collaboration with several home-grown designers, he said.