Berjaya Land secures RM234mil construction loan from Export-Import Bank of Malaysia

KUALA LUMPUR: Berjaya Land Bhd has secured a RM234 million (US$50 million) construction loan from the Export-Import Bank of Malaysia Bhd (Exim Bank) for its prestigious Four Seasons Resort & Private Residences project in Okinawa, Japan.

In its filing with Bursa Malaysia Securities Bhd today, Berjaya Land said its construction arm, Berjaya Construction Bhd, has signed the US$50 million construction loan from EXIM Bank for the project.

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

Berjaya Corp Bhd founder and advisor Tan Sri Vincent Tan Chee Yioun said this partnership underscores not only the strength of the group's alliance but also its dedication to sourcing materials primarily from Malaysia, thereby supporting local small and medium enterprises (SMEs).

Tan said the development's construction and interior design materials will showcase the high quality and craftsmanship that Malaysia has to offer.

"This venture is more than just building a luxury destination; it's about contributing to the growth of our nation's businesses.

"We are committed to showcasing Malaysia's expertise in the global market and creating a world-class destination that reflects the best of Malaysia," he said.

Meanwhile, Exim Bank president and chief executive officer Arshad Mohamed Ismail said this collaboration signifies not only a shared vision of excellence but also the bank's commitment to fostering relationships that extend beyond business.

Arshad said this partnership with Berjaya Land is a testament to its dedication to facilitating overseas projects and investments, especially in non-traditional markets.

"The Four Seasons Okinawa project aligns perfectly with our mission to support initiatives that showcase Malaysia's capabilities on the global stage," he said.

Spanning 32 acres of pristine beachfront paradise, the Four Seasons Okinawa promises unparalleled luxury, features 279 exquisite accommodations comprising 127 opulent resort rooms, 124 high-end condominiums, and 28 exclusive private villas.

Civil works have been completed, and the main construction is expected to be completed in 40 months.

A three month hotel pre-opening phase will follow completion, with the grand opening targeted for the second quarter of 2027.

The Four Seasons Okinawa projects a gross development value of US$ 1.12 billion.

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