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Thursday, May 2, 2024

Berjaya Land secures US$50m construction loan from EXIM Bank for Four Seasons Okinawa, Japan – eNews Malaysia

KUALA LUMPUR: Berjaya Construction Berhad, the construction arm of Berjaya Land Berhad, signed a US$50 million construction loan from Export-Import Bank of Malaysia Berhad (EXIM Bank) for the distinguished Four Seasons Resort & Private Residences Okinawa, Japan (Four Seasons Okinawa).

Leading this endeavour is Seikou Okinawa Construction KK, a wholly-owned subsidiary of Berjaya Construction Berhad, appearing as the first contractor in collaboration with esteemed Japanese subcontractors.

Berjaya Land Berhad Group CEO Syed Ali Shahul Hameed, signed on behalf of Berjaya Construction Berhad, whereas EXIM Bank president and CEO Arshad Mohamed Ismail, represented the monetary establishment. The signing ceremony was witnessed by Tan Sri Vincent Tan Chee Yioun, Founder & Advisor of Berjaya Corporation Berhad and members of the EXIM Bank administration.

Arshad expressed, “EXIM Bank Malaysia is immensely proud to contribute to this prestigious undertaking with Berjaya Land. Our collaboration signifies not solely a shared imaginative and prescient of excellence but in addition our dedication to fostering relationships that stretch past enterprise. Our partnership with Berjaya Land is a testomony to our dedication to facilitating abroad initiatives and investments, particularly in non-traditional markets. The Four Seasons

Okinawa undertaking aligns completely with our mission to help initiatives that showcase Malaysia’s capabilities on the worldwide stage.”

Tan acknowledged, “We are delighted to collaborate with EXIM Bank for the construction financing of Four Seasons Okinawa. This partnership underscores not solely the energy of our alliance but in addition our dedication to sourcing supplies primarily from Malaysia, thereby supporting native SMEs. The improvement’s construction and inside design supplies will showcase the top quality and craftsmanship that Malaysia has to supply.”

“This enterprise is extra than simply constructing a luxurious vacation spot; it’s about contributing to the expansion of our nation’s companies. We are dedicated to showcasing Malaysia’s experience within the world market and making a world-class vacation spot that displays the very best of Malaysia,“ emphasised Tan.

Spanning 32 acres of pristine beachfront paradise, the Four Seasons Okinawa guarantees unparalleled luxurious, that includes 279 beautiful lodging comprising 127 opulent resort rooms, 124 high-end condominiums, and 28 unique personal villas. Civil works have been

accomplished, and the principle construction is anticipated to be accomplished in 40 months. A 3 month lodge pre-opening part will observe completion, with the grand opening focused for the second quarter of 2027. The Four Seasons Okinawa initiatives a Gross Development Value of

US$ 1.12 billion.

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