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Malaysian and Singaporean investors support Airai Global Corporation (AGC) to develop a large integrated resort on 44 square kilometers in Airai, Palau, with a huge total investment.
The resort, which includes luxury resorts, beachfront villas, iconic buildings, marinas, seaports, theme parks and medical facilities, covers nearly 5,000 acres and is expected to boost Palau’s economy.
AGC Vice President Hayato Sugiyama said that this investment has a significant impact on the local economy. AGC chief development officer Alvin Lee is optimistic about tourism potential and plans to promote eco-friendly travel, solar energy and waste management in the project. The resort is expected to create billions of dollars in gross development value and bring jobs to Palau.
The Palau government emphasizes its safety and reliability and plans to launch a passport program to attract high-net-worth foreign immigrants.
(Source: nst Image source: freepik)
