KUALA LUMPUR: The Finance Ministry today issued a Request for Proposal (RFP) for the role of master developer for the development of Bandar Malaysia.
In a statement, the Ministry said that it is seeking the most comprehensive proposal based on the highest and best use for the proposed development.
“Interested companies or consortiums must meet the following criteria:
a) (Be) an affiliate of a Fortune 500 company to ensure financial strength
b) (Be) an affiliate of a company which has generated cumulatively (over the) last 3 years no less than RM50 billion in revenue from entire value chain of real estate and associated businesses and;
c) Have experience in international quality real estate development projects.
“The proposer also must be able to demonstrate how their (plan) focuses and places emphasis on the key themes of serving people and the national interest of Malaysia,” it added.
The RFP will be available from July 5 and can be obtained from the ministry’s secretary-general’s office.