A Dubai-based conglomerate, BZI Group, has pulled out of the RM40 billion Langkasuka land reclamation project in Langkawi.
The decision has sparked calls for an explanation from Kedah Menteri Besar, Sanusi Nor, and particularly from Kedah PKR Youth chief Taufiq Johari.
The Langkasuka project aims to create 99 islands covering 800 hectares, 90% of which will be in the sea near Padang Matsirat. It is expected to transform Langkawi’s economy within 15-20 years.
However, BZI, a company led by Sheikh Khaled bin Zayed Al Nahyan of the Abu Dhabi royal family, has stated that the value of the project is the reason for their withdrawal.
This has raised concerns about Kedah’s ability to attract and retain investors.
Taufiq questioned the state government’s strategic planning and management, highlighting the potential negative impact on tourism and the region’s economy.
He warned that the decision could cause the project to be abandoned and undermine the Visit Kedah Year 2025 efforts.
BZI's withdrawal has left many wondering about Langkawi's future, with concerns that tourists may choose neighbouring countries such as Thailand, which offer better infrastructure and attractions.
