KUALA LUMPUR, Oct 9 (Bernama) -- The government will provide 50 acres of strategically located land in Kuala Lumpur, valued at RM1 billion, as a new endowment to the Bumiputera Investment Foundation, Prime Minister Datuk Seri Anwar Ibrahim said.
Business : Govt To Provide 50 Acres Of KL Land Worth RM1 Bln For Bumiputera Agenda
Anwar, Budget 2027, land, Bumiputera, PNB, Yayasan
BE Bernama 
Key points
- Anwar said the endowment reflected the government's commitment and responsibility to strengthen Bumiputera economic participation and asset ownership.
- Anwar, who is also finance minister, said the new endowment would enable Permodalan Nasional Bhd (PNB) to develop the land, taking into account the need for affordable housing and the interests of the Bumiputera community.
- The government had also agreed to develop nearly 11 acres of government-owned land in Belfield, Kuala Lumpur, to build at least 2,500 MADANI housing units, with 70 per cent reserved for Bumiputera buyers, he said.
Sentences selected automatically from the original article by Bernama.
Also reported by Free Malaysia Today
Read the full story on Bernama That's the opening of the story. The full piece is published by Bernama.
Continue reading ↗ Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
Related reporting
5 stories on this topic from 4 sources, oldest first.
- Free Malaysia Today Pahang govt open to discussing impasse over Berjaya Hills land
- Free Malaysia Today Govt to provide 50 acres of KL land worth RM1bil as Bumiputera endowment
- Bernama Business : Govt To Provide 50 Acres Of KL Land Worth RM1 Bln For Bumiputera Agenda (this story)