Lim Goh Tong - Genting

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  • Topic: Genting Highlands, Lim Goh Tong, Genting Group
  • Pages : 12 (4811 words )
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  • Published : April 16, 2012
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“THE SUCCESSFUL TOURISM ENTREPRENEUR”
The best way to address the topic of successful tourism entrepreneur is the story of Tan Sri Lim Goh Tong which is the founder of Genting Highlands and how he as a local tourism entrepreneur has succeeded globally. Tan Sri Lim Goh Tong (February 28, 1918 – October 23, 2007) was a prominent wealthy Malaysian Chinese businessman. He was once the 3rd richest man in Malaysia with a net worth estimated to be 4.2 billion USD, making him the 204th richest person in the billionaire list compiled by Forbes. The Japanese invaded Malaya in 1942 and caused Tan Sri Lim Goh Tong to have a few near-death occasions. During the early Japanese Occupation, he earned a living as a vegetable farmer, but decided to switch to petty trading for a better living. Later on Tan Sri Lim Goh Tong ventured into scrap-metal and hardware trading. When the Japanese Occupation ended, there was an urgent demand for heavy machinery for resumed operations in mines and rubber plantations, he seized the opportunity and engaged in second-hand machinery trading, making his first fortune. From used machinery trading, Tan Sri Lim Goh Tong strayed into iron mining fortuitously. Tan Sri joined as a partner in an iron mining company which couldn't settle the outstanding payment of two bulldozers with him, and this proved to be a successful venture as he earned a substantial amount of profit from the mining industry, including forming a joint-venture tin mining company which was one of the first Chinese tin companies to utilize dredges in mining tin. While dealing in heavy machinery, Tan Sri accumulated a wide range of reconditioned machines as well as a substantial amount of cash to move into the construction and related industries. In the name of his family construction company, Kien Huat Private Limited, he began taking on several contracting jobs with help and guidance from his uncles. Kien Huat won accolades and became recognized as one of the leading construction companies after successfully completing many major projects. Among the biggest projects completed was the Ayer Itam Dam, the first time a local contractor had been given the construction job of such magnitude. He went on the brink of bankruptcy when construction work was facing problems in the Kemubu Irrigation Scheme, but managed to overcome the obstacles and completed the project. In 1964, when Tan Sri Lim Goh Tong was working on a hydroelectric power project in Cameron Highlands, amidst the cool mountain air, he had a vision. The idea of building a hilltop resort was first conceived when Tan Sri Lim Goh Tong was in Cameron Highlands. As he was enjoying the soothing cool breeze of Cameron Highlands, an idea struck him that as the standard of living rose steadily in Malaysia, more and more people would visit mountain resorts for relaxation and recreation, but Cameron Highlands was too far away from the capital city Kuala Lumpur, therefore building a mountain resort nearer to Kuala Lumpur would have great business potential. He envisaged Malaysia would develop and prosper in the near future and why not develop a cool mountain resort at the doorstep of KL, within the reach of all Malaysians. What is now one of the most popular tourist destinations in Asia and Malaysia is the realization of one man’s dream. He is a man of vision who had seen further and beyond about the world. Without wasting any time he started working on transforming his vision into reality. Upon conceiving this idea, many naysayers were skeptical of Tan Sri turning a wilderness into a tourist resort. Most thought it was really risky and reckoned Tan Sri who was financially comfortable to be foolish to invest heavily in money and time to develop Genting, but he brushed off all these negativities and went ahead firmly with his plan. Then he indulgent to take a further step in studying the maps of the vicinity of Kuala Lumpur, he located the ideal site, which was the Ulu Kali Mountain, just 58...
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