The second phase involves a 200 unit apartment block and a 400,000 square feet office tower.
JKH said its integrated resort will cater to the "growing mobility and spending power" of South Asian regional travellers and the growing demand for entertainment, gaming and retail from the Middle East, India and East Asia.
The project will boost industries ranging from leisure, entertainment, food and beverage, consumer durables, travel and financial services.
Corrected: Balmon was ex-deputy chairman of Arup
Under his direction Arup had designed China's CCTV Tower, London's Serpentine Pavilion.
Arcelor Mittal Orbit, a 120 metre sculpture for the 2012 Olympics.
JKH said its project will be a "large and unique development, which will aesthetic