KAJ Development, the developer of the Melaka Gateway megaproject in Malaysia, has signed a memoranda of agreement (MoA) with an investment holding company Assetwall Sdn Bhd to develop a world-class theme park with 24 rides and attractions. The RM1.5 billion attraction is scheduled to be completed by early 2026. It is expected to attract more than five million visitors annually. The company has also signed a memorandum of understanding (MoU) to create a free-trade zone at the multibillion-ringgit Melaka Gateway project, as well as another MoA to develop Melaka International Cruise Terminal (MICT). The proposed free-trade zone (FTZ) will be a collaboration between KAJ Development and Dubai Integrated Economic Zones Authority. (2022/03/30)