Finance minister: Bandar Malaysia project to create thousands of jobs
Tuesday, 17 Dec 2019 07:06 PM MYT
He said that with an expected gross development value of RM140 billion over the next 20 years, this mixed-use, transited-oriented development in Kuala Lumpur would bring substantive economic value to the nation and create thousands of jobs, particularly in the construction, knowledge, entrepreneurial and technology sectors.
Lim said subsequent to the signing of the framework agreement on April 25, the Cabinet approved the establishment of a Bandar Malaysia Development Advisory Committee under the Finance Ministry to renegotiate improved terms that ensured the project would truly benefit Malaysia and its people. “In addition to the original deposit of RM741 million, ICSB will pay an additional RM500 million as an advanced payment and increase the number of affordable homes from 5,000 units to 10,000 units,” he said.
“Once completed, Bandar Malaysia will attract major multinational corporations and Fortune 500 companies to relocate their operations here. Alibaba and Huawei have already shown their interest in opening up their hubs here in Bandar Malaysia.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PM witnesses TRX City, IWH CREC ink deal to develop Bandar Malaysia | Malay MailPUTRAJAYA, Dec 17 ― Prime Minister Tun Dr Mahathir Mohamad today witnessed the signing ceremony between TRX City Sdn Bhd (TRXC) and IWH CREC Sdn Bhd (IWH-CREC) to develop Bandar Malaysia TRXC is a wholly-owned subsidiary of Minister of Finance (Inc), while IWH-CREC is a...
Read more »
Dr M: Govt will review HSR project following revival of Bandar Malaysia | Malay MailPUTRAJAYA, Dec 17 ― Prime Minister Tun Dr Mahathir Mohamad today said the government will review the construction of the KL-Singapore High Speed Rail project (HSR) following the revival of the Bandar Malaysia mega-development. Dr Mahathir said the government will study the feasibility and cost of...
Read more »
RM140 billion Bandar Malaysia project officially revivedNSTnation: Dr Mahathir added that the project, which will take over 20 years to complete, will shape the direction of Kuala Lumpur’s development over the next few decades. BandarMalaysia TRXCitySdnBhd IWHCRECSdnBhd
Read more »
Teruskan HSR tapi cari kelajuan sesuai, kata Dr M selepas pemeteraian Bandar MalaysiaKelajuan 400km/j bukan satu keperluan, kata perdana menteri. FMTNews HSR Malaysia Singapore
Read more »
Projek Bandar Malaysia kembali selepas urus niaga dimeteraiPutrajaya menandatangani suatu urus niaga dengan syarikat China bagi membangunkan projek 195.5ha di Kuala Lumpur itu. FMTNews BandarMalaysia
Read more »
Projek Bandar Malaysia dilaksana semula di bawah usahasama baharu IWH-CREC | The Malaysian InsightProjek Bandar Malaysia dilaksana semula di bawah usahasama baharu IWH-CREC
Read more »