RFP issued for master developer of Bandar Malaysia
Finance ministry says among the criteria is that those interested must be an affiliate of a Fortune 500 company to ensure financial strength.
In a statement today, the ministry said, the RFP could be obtained at the office of the Secretary-General of Treasury beginning July 5.
The ministry said it was inviting interested companies to participate in the RFP on conditions that the criteria were met.
“Among the criteria are that interested companies and/or consortiums must be an affiliate of a Fortune 500 company to ensure financial strength; an affiliate of a company which has generated cumulatively in the last three years of no less than RM50 billion in revenue from an entire value chain of real estate and associated businesses; and, experience in international quality real estate development projects,” it said.
“The proposer must be able to demonstrate how their proposal focuses and places emphasis on the key themes of serving people and the national interest of Malaysia,” it said.
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