Genting’s plan to build an RM150mil Johor Premium Outlets in Genting Indahpura, Johor, is expected to put Malaysia on the world map of shopping havens.
“We are excited as it will be the first premium outlet centre for the South-East Asia retail market,” Genting Simon Sdn Bhd director Datuk Justin Leong said.
The project is a mixed development township comprising a hotel, an international water theme park and retail outlets.
Leong said the premium outlet would offer a wide selection of designer fashion products.
According to the Economic Transformation Programme (ETP) Roadmap, the outlet is scheduled to start by 2013.
Two other premium outlets will be built in Sepang and Penang.
Currently, such premium outlets in Asia are located in Japan and Korea, offering luxury goods at deep discounts besides out-of-season items.
At the ETP launch yesterday, Prime Minister Datuk Seri Najib Tun Razak said the Johor Premium Outlets would attract foreign tourists, especially Singaporeans.