Should I bear the responsibility for the Dubai business’s decision to abandon the RM40b Langkasuka project? Ask Muhyiddin and Tengku Zafrul

According to reports, Menteri Besar Datuk Seri Muhammad Sanusi Md Nor stated that the Kedah state government will not suffer financial losses due to Bin Zayed International (BZI) Group’s withdrawal from the RM40 billion Langkasuka development in Langkawi.

He explained that the project is a private partnership, so he didn’t understand why some were holding him and the state government accountable for the investment company’s decision in Dubai.

“It is common for businesses to pull out of any investment.” “This is not a new issue, but I don’t know why it’s only now coming up again,” he told the New Straits Times.

Even though I don’t know Bin Zayed, some people are insulting me.”

Tan Sri Muhyiddin Yassin, the prime minister at the time, announced the partnership between BZI and Widad Business Group Sdn Bhd, according to Anusi. It wasn’t the Kedah government that did it.

However, he said that people who were against him should ask Datuk Seri Tengku Zafrul Abd Aziz, who was finance minister at the time, their questions.

This comes after Dr. Taufiq Johari, the head of the Kedah PKR Youth, asked Sanusi to explain why the party withdrew, saying it was because of problems with the state government’s leadership.

On Friday, the managing director of Bin Zayed International (M) Bhd, Datuk Seri Dr. Shamir Kumar Nandy, stated that BZI is no longer working on the Langkasuka project because it doesn’t see any value in it after 2022.

It was 2021 when Widad Business Group Sdn Bhd hired BZI to help them build Widad@Langkasuka, an RM40 billion mixed-use development in Langkawi.

The project aims to construct 1,000 acres of artificial islands shaped like an eagle in a bay adjacent to the Langkawi International Airport.