Shun Tak Holdings plans to develop a resort complex on Macau's Cotai Strip and has contracted Dubai's state-backed Jumeirah Hotels & Resorts to manage the hotel property, managing director Pansy Ho Chiu-king announced yesterday. The property-to-shipping conglomerate chaired by Ms Ho's father, Stanley Ho Hung-sun, said the project was scheduled for completion in 2013 and it had submitted an application to the Macau government for rights to develop a plot of land near the Macau East Asian Games Dome. Ms Ho said the budget, scope and means of funding of the project were yet to be decided, but it could encompass a hotel tower and a separate tower with serviced-apartment hotel units for a combined gross floor area of about 2 million square feet. The hotel property would not include a casino. The arrival of Jumeirah, a subsidiary of Dubai Holding, marks a significant expansion of the United Arab Emirates nation's footprint in Macau. Sister state-investment firm Dubai World has a 10 per cent stake in Las Vegas casino developer MGM Mirage, which operates the US$1.25 billion MGM Grand Macau through a separate 50-50 joint venture with Ms Ho. Ms Ho said her casino joint venture, MGM Grand Paradise, recently submitted an application to develop a casino resort on a separate plot of land on Cotai that analysts said was also near the Macau Dome. MGM Grand Paradise had been eyeing the Cotai plot since early last year, but construction of a second casino complex does not appear to be imminent as the US firm last month placed a number of pre-development stage investment projects on hold due to the financial crisis. In the longer term, Ms Ho's multiple Cotai plans could take shape along the lines of her Macau peninsula projects.