Bandar Malaysia: Agreements inked, paving way for economic transformation

KUALA LUMPUR, 15 June 2011:  Several agreements were inked today, paving the way for the old Sungai Besi airport land to be transformed into Bandar Malaysia – a strategic development for long-term national growth.

Bandar Malaysia will have several attractive elements to further strengthen Kuala Lumpur’s global competitiveness as cities compete to attract international investors and businesses.

1Malaysia Development Berhad (1MDB), the Master Developer for Bandar Malaysia, signed, among others:

  • Sale and Purchase agreements with Federal Land Commissioner for the transfer of 495 acres of Sungai Besi airport land to 1MDB;
  • Sale and Purchase agreement with the Menteri Besar Incorporated of Negeri Sembilan for the purchase of 750 acres in Sendayan, which is the replacement site for the Royal Malaysian Air Force (RMAF);
  • A master relocation agreement with the Ministry of Defence and the Home Ministry to develop eight replacement sites.

Minister in the Prime Minister’s Department YB Tan Sri Nor Mohamed Yakcop witnessed the signing at the Economic Planning Unit of the Prime Minister’s Department here.

Negeri Sembilan Menteri Besar YAB Datuk Seri Mohamed Hasan and State Secretary YB Dato’ Haji Mat Ali bin Hassan signed for Menteri Besar Incorporated, Negeri Sembilan. 

Home Ministry Secretary-General Tan Sri Mahmood Adam; Defence Ministry Secretary-General Dato' Sri Dr. Haji Ismail Haji Ahmad; and Federal Lands Commissioner Dato’ Azemi Kasim, who is also Federal Lands and Mines Director-General, signed for their respective ministries and department.

1MDB Chief Executive Officer Shahrol Halmi signed for the Government-owned strategic development company. Also present was 1MDB Chairman Tan Sri Lodin Wok Kamaruddin.

Bandar Malaysia aims to promote livability as a distinctive character of Greater Kuala Lumpur. It will be a mixed development filled with livable space for work/life balance such as open green space and people’s avenue as well as higher learning institutions.

This is the third game-changing use of the historical site. In 1956, it served as the first international airport, opening up the aviation, travel, tourism and hospitality industries.

It was also the birthplace of the RMAF from where it grew to become an ultra modern air force.