Showing posts with label bumiputera firms. Show all posts
Showing posts with label bumiputera firms. Show all posts

Saturday, 31 August 2013

Najib announces RM4.2b contracts for Bumiputera firms

PUTRAJAYA: Prime Minister Najib Tun Razak today announced an additional RM4.2 billion worth of opportunities for Bumiputera companies to participate in four mega projects.

He said the government has agreed to extend the opportunities to Bumiputera firms to part take in the Menara Warisan Merdeka, Bukit Bintang City Centre, development of the Rubber Research Institute (RRI) land in Sungai Buloh and Malaysia External Trade Development Corporation (Matrade) exhibition centre.

About 40 percent of the total value of the projects would be reserved for Bumiputera companies and the rest would be distributed via open tenders, Najib, who is also Finance Minister, told a media briefing after chairing the Bumiputera Agenda Action Council meeting, here.

Of the four projects, some are already being implemented such as the Matrade Exhibition Centre while the Menara Warisan is still in the preliminary stage although the timeline for the project is being determined.