KUALA LUMPUR (June 1): DA Land Sdn Bhd launched The Two integrated development project today. The project, which has a gross development value (GDV) of RM5 billion, is positioned “as a holiday, leisure and shopping destination in greater Kuala Lumpur for domestic and foreign tourists, as well as local residents and the surrounding urban population,” said the company’s chairman Tan Sri Mohd Radzi Sheikh Ahmad.

It sits on a 51-acre land parcel a minute’s drive from the Rawang exit on the North South Expressway. As the land spans both sides of the road, an overhead bridge will link the development from one side to the other.

The Two will feature indoor and outdoor theme parks, “wholesale city”, mall, four blocks of hotels and an arena hall with more than 8,500 seats.

The theme parks are designed by the Sanderson Group, which has worked on parks such as Disneyland in Tokyo, Japan; Warner Brothers’ Movie World on the Gold Coast, Australia; and Universal Studio in Sentosa Island, Singapore, said Mohd Radzi.

According to DA Land CEO Derek Chew, the 600,000 sq ft indoor theme park will be the largest in Asia when the project is completed.

The project will be constructed in four phases over eight to 10 years. The first phase (GDV: RM2 billion) comprises a mall, indoor and outdoor theme parks and hotels. It will take approximately four years to complete.

The launch was officiated by Malaysian Minister of Tourism and Culture Datuk Seri Mohamed Nazri Abdul Aziz. He said the project is in line with the country’s Tourism Transformation Plan that aims to achieve 36 million tourist arrivals and generate RM168 billion tourist receipts by 2020.

“This development sets the stage for tourism opportunities in the nation and will make Malaysia a more attractive transit destination by enhancing it as a tourism and entertainment hub,” he said.

DA Land chief operating officer Sip Mun Yee said the company would “progressively work together” with the government to “create employment, drive economic growth and further enhance the Asean Economic Community on top of creating a major iconic landmark in Rawang for locals as well as a vibrant tourist attraction hub within the Asean region".

Sip is a steering committee member of the government’s Economic Transformation Programme.

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