Putrajaya Holdings: No deadline for FDI blueprint

Posted on | July 18, 2007

By THE STAR

PUTRAJAYA: Putrajaya Holdings Sdn Bhd (PjH), which is currently drafting a blueprint to attract foreign direct investments (FDI) to the federal administrative capital, has not set a deadline to complete the plan.

The company was in discussions with TRW Group on a proposed collaboration to identify and secure FDI, which would include a blueprint and an international investment campaign, chief executive officer Azlan Abdul Karim said.

He said the company was “not in a hurry” and could probably complete the talks “within four to six months”.

“There’s a lot of work that we have to do with a third party, especially in identifying overseas clients.

“We want the right mix of people to come in, who are serious in investing and not just speculating,” he said, adding that PjH was quite open to investors with proven track records.

TRW Group is an international property investment and development group incorporated in Hong Kong.

Azlan was speaking to reporters after a briefing on the Putrajaya Arts Festival yesterday. The festival will kick off on July 23.

On the possibility of selling more land in Putrajaya, Azlan said the company was in negotiation with some parties from the private sector.

“At the moment, we are in talks mostly with foreign investors. Locals like to ‘wait-and-see’ and by the time a decision is made, it’s too late,” he added.

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