State-owned Yayasan Sabah has inked a landmark joint venture with real estate developer Tegas Bangsa Sdn Bhd to build an RM7 billion mixed commercial project in Kampung Meruntum, Lok Kawi, here.

The large-scale project is on a 158-hectare land belonging to Yayasan Sabah, which entails the construction of a hotel, a resort and a theme park, which will be completed in 10 to 15 years’ time...