BUILDING RM1.3 BILLION, 5.8KM-LONG NEW RACING CIRCUIT ON LANGKAWI, MALAYSIA
OPEN ROAD ASIA SDN BHD (OPen Road Asia) and the Kedah Government’s investment and development arm, Permodalan Kedah Berhad, entered into a joint venture today to develop a premier tourist and motorsports destination in Malaysia, the OPen Road International Circuit (ORIC) & Integrated Resorts Pulau Langkawi, Malaysia.
The OPen Road International Circuit and Integrated Resorts, set to be developed atop a tract of 183 acres of sea-facing land in Bukit Malut, will not only encompass a FIA-sanctioned motorsports circuit, but a fully-integrated resort which consist of luxury residential properties, high-end luxury retail outlets, 5-star hotels, 4S automobile dealerships, 900-cars storage facility, petrol refuelling stations as well as various tourist attractions and world-renowned restaurants.
OPen Road Asia’s Founder and Group Advisor, Dato’ David Goh said, “This ORIC Integrated project, with a gross development value of RM 1.3b is expected to provide an immediate high impact economic boost to Pulau Langkawi and the state of Kedah, and Malaysia upon its completion in 5 years’ time. With a projected increase of high-spending and affluent tourists’ arrival both locally and internationally, it is envisioned that this project will help create an endless stream of business and job opportunities for Kedahans via the island’s economic expansion. It is our hope that this project will further position Malaysia as Southeast Asia’s most preferred tourist destination.”
He also added that the upcoming racing circuit will score a number of world’s first in racing circuit designs that will include one of the longest circuit straight in the world, as well as banked curves or carousel, and down-hill-elevation-drop multiple hairpins. Modelled after the Nurburgring in Germany, this 5.8km-long racing track is poised to be the “Nurburgring of the East”, as personally coined by Dato’ David himself. Upon ORIC’s completion by Q2/2023, this world-class racing attraction will definitely put Langkawi at the forefront of motorsports in Asia, providing a platform to nurture automotive research and development, testing ground and racing destinations for major automotive manufacturers, motorsports enthusiasts and racing teams the world over.
Menteri Besar of Kedah, YAB Tuan Haji Muhammad Sanusi Md. Nor said, “I am confident that this development will be able to attract more foreign tourists and benefit Langkawi Island and its people. The international racing circuit will definitely be an attraction for tourism in Langkawi in addition to the existing attractions.”
