By Zareef Muzammil
KLANG, June 27 — The Selangor State Development Corporation (PKNS) is projected to achieve substantial operating profits this year, thereby becoming an economic catalyst for the state.
Dato’ Seri Amirudin Shari said this development would facilitate the construction of housing projects and new townships, including centralised worker quarters (CLQ) in several identified areas.
The Menteri Besar stated that the consistent profitability of the corporation also contributes to job creation and supports various economic sectors.
“Taking into account PKNS’s involvement in construction, real estate, and related activities, its profitability stimulates the growth of these sectors.
“The development of new residential and commercial properties also enhances the real estate sector, attracts investments and drives economic activities,” he said during the groundbreaking ceremony for the Laman Lestari CLQ in Bandar Sultan Suleiman, here yesterday.
Amirudin further stated that the state government has a 15-year plan for PKNS to continue its role as a contributor and catalyst for Selangor’s economy.
He said the long-term plan reflects the state administration’s commitment to ensuring continuous growth and development.
“PKNS has a clear focus and direction in driving new development and growth, especially for the next 50 years.
“This long-term perspective allows PKNS to plan and implement sustainable initiatives that will contribute to the state’s progress in the coming decades,” he added.
Meanwhile, PKNS aims to explore potential collaborations with Inter Great Group Sdn Bhd to develop more worker accommodations.
Its chief executive officer Dato’ Mahmud Abbas said the collaboration with the foreign worker service provider company involves the development of industrial land plots worth approximately RM1 billion based on the current market value.
“This future project will provide more than 50,000 beds in various locations, including Shah Alam, Kota Puteri, Selangor Cyber Valley, Taman Industri Hijau Kota Puteri, and Port Klang.
“Foreign workers have played an important role in Malaysia’s development for several decades. We acknowledge the need to offer accommodation and comfortable facilities to enhance the well-being of the workers,” he said yesterday.
The construction of the Bandar Sultan Suleiman CLQ is expected to commence by the end of this year.
