KUALA LUMPUR (March 18): Aquawalk Group Bhd (KL:AQUAWALK) said on Wednesday it plans to develop a new oceanarium in Kota Kinabalu, Sabah, at an estimated cost of RM70.5 million. Its wholly-owned subsidiary Aquawalk KK Sdn Bhd has signed a 30-year lease for 73,054 sq ft of premises within The Bedrock at Jesselton Docklands for the new oceanarium, to be named 'Aquaria KK'. According to the group, Aquaria KK was initially planned as a 60:40 joint venture, though the original partner was not named. Once operational, Aquaria KK is expected to enhance the group’s recurring income and strengthen long-term earnings visibility, Foong said. With a built-up area of 73,054 sq ft, Aquaria KK will be comparable in scale to Aquaria KLCC, which attracts more than one million visitors annually.

Source: The Edge Markets March 18, 2026 11:09 UTC