The RM10 billion mega mixed development project in Teluk Dumpil in Putatan is expected to create more than 6,000 jobs.
To be developed by Setara Juara Sdn Bhd (SJSB), the seaside project which will commence in September will be constructed on 101.17 hectares along the Kota Kinabalu-Putatan-Lok Kawi highway.
SJSB chairman Datuk Seri Arsit Sedi said among other things, the project comprises the development of a hotel and a theme park, as well as the state's biggest shopping mall.
"The development is expected to help improve the local economy and create thousands of jobs and business opportunities for the locals and international investors in the long run," he said at a press conference here, today.
Arsit said the construction will be carried out in four phases, and phase one is expected to be completed within five years.
He added that the SJSB is collaborating with a company from China with regards to the project, and plans for the area to be turned into a commercial-free zone.