Malaysian conglomerate, Genting Group, has announced it will be significantly expanding its previously announced redevelopment of Resorts World Genting (RWG) near Kuala Lumpur.

Under the terms of the amended Genting Integrated Tourism Plan (GITP), the group said it would increase the total capital investment from MYR5bn ($1.2bn) to an estimated MYR10.3bn ($2.5bn).

GITP, a major 10-year master plan launched in December 2013 for the redevelopment and transformation of RWG, is currently being carried out in phases.

It will offer an extensive and wide array of new and exciting entertainment options, unique to visitors from across the region. The capital investment under Phase One of the GITP will increase from MYR4bn ($985m) to MYR8.11bn ($2bn).

Under this phase, the first-ever world-class branded Twentieth Century Fox World theme park will see a substantial increase in investment with “more spectacular, thrilling and state-of-the-art rides” than previously announced.

“With the engagement of some of the best talent in the Hollywood movie-industry to help in the design of the park, this is targeted to become a unique and compelling theme park,” Genting said.

“Meanwhile the indoor theme park will undergo a major transformation, turning into a unique themed entertainment attraction offering a total of 18 rides from the existing nine, providing a new and enjoyable entertainment for both young and old alike.”

Genting’s expanded investment plan will also see the development of the Sky Avenue shopping mall, which will feature open air decks and a range of retail and dining options; 8,000 additional car park bays; and a new high-speed cable car system.