Nation

PM to discuss sale of Kidzania Singapore with Khazanah

CYBERJAYA: Prime Minister Datuk Seri Anwar Ibrahim said he would discuss with Khazanah Nasional Bhd the sale of a children's theme park in Singapore that the sovereign wealth fund owned.

"I will hold a meeting with them on the matter," said Anwar in brief reply.

He was asked to comment on a report of Kidzania Singapore being sold to Sim Leisure Group for a mere SG$110,000.

News over the sale of the children's theme park surfaced a few days after reports suggesting that Khazanah sold Iskandar Malaysia Studios (IMS).

It was reported that Khazanah and Boustead Holdings Bhd, which launched Kidzania in Singapore in 2016, initially injected S$48 million (RM165.52 million) into the project.

The theme park generated only SG$15 million (RM51.73 million) in revenue and SG$8.3 million (RM28.63 million) in losses after tax due to poor management.

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