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Najib puts new team in place for Bandar Malaysia

Senior Treasury official to lead fresh team overseeing second request for proposal following scrapped stake sale

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Published Wed, May 17, 2017 · 09:50 PM

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    Kuala Lumpur

    PRIME Minister Najib Razak has put a new team in charge of the development of Bandar Malaysia, following the abrupt termination of a share-sale agreement with a Malaysian-Sino consortium this month.

    The secretary-general of the Treasury, Irwan Serigar Abdullah, will lead the team that will oversee the second request for proposal (RFP) and the monetisation of the state-owned 1MDB's remaining real-estate assets, including the Tun Razak Exchange (TRX).

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