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Plans Roll out for 17,000 Acre Malaysian Project

BANDAR NUSAJAYA, MALAYSIA-The massive plan, which includes a Disney theme park, is intended to capitalize on the growing tourist trade Singapore is expected to attract.

By Anita Howarth | Updated on November 06, 2006

BANDAR NUSAJAYA-UEM Land, the Malaysian developer, plans to raise about ringgit 2 billion ($548 million) to help fund development in Johor state. The Malaysian government wants to develop the southern state in a bid to benefit from plans in neighboring Singapore to develop two huge casino resorts.

State-controlled UEM proposes to develop 17,000 acres it owns in Bandar Nusajaya, a township in southwest Johor. Initial plans include a theme park developed with Walt Disney, a statement from the firm said.

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