KUALA LUMPUR, June 27 — Further studies on the development strategy of 50 acres (20.23 hectares) of Malay reserve land in Bandar Malaysia are underway, said the Finance Ministry.
This is to ensure alignment with the government’s aspirations to establish it as an international business hub.
The ministry said this in a written parliamentary reply yesterday, in response to an enquiry from Batu Pahat MP Onn Abu Bakar regarding the development plan of the Sungai Besi ‘airport’ land, which has been designated as a Malay reserve.
Key principles considered for the 50-acre site include clustered settlements around key facilities and integrated development consistent with Malaysia Madani’s inclusiveness concept, it said.
The government also aims to develop the area into a tourist attraction that showcases Malay culture and promotes economic empowerment by providing property ownership opportunities for Malays within the city.
The Bandar Malaysia project, located on the former Kuala Lumpur Air Base site in Sungai Besi, is projected to have a gross development value of RM140 billion.
— Bernama
