Bioalpha Wellness Sdn Bhd, a fully-owned subsidiary of Bioalpha Holdings Bhd, is gearing up for the development of an 8-acre agro park with a budget of MYR 15 million (USD 3.18 Million), following its appointment by Langkawi Development Authority (LADA). The park’s comprehensive design will encompass the entire supply chain, spanning herbal farming, research and development, and product processing.
LADA, an entity under the Malaysian Ministry of Finance dedicated to boosting Langkawi’s tourism economy, has granted Bioalpha Wellness exclusive 30-year land use rights. The park is slated to open within two years and boasts of attractions like herbal garden with a smart greenhouse featuring over 300 high-value crop varieties, providing an interactive experience for visitors. Additionally, the park is equipped to host international meetings, incentives, conferences, and exhibitions (MICE) events related to herbal farming and agriculture.
William Hon, the managing director of Bioalpha, highlighted that the development allows the company to diversify revenue streams through avenues such as park admission fees, commercializing over 100 high-value herbal products with Langkawi-inspired branding, and in-park sales of products and food and beverages (F&B). He emphasized the company’s intention to leverage agricultural expertise to promote and educate visitors, both local and international, about Malaysia’s high-value herbs. The overarching goal is to create a holistic edutainment experience, fostering greater cultural and learning awareness through various activities.
(Sources: New Straits Times; The Star)