1MDB awards RM2.1bil contract to Armed Forces Fund Board unit

PETALING JAYA: 1Malaysia Development Bhd (1MDB) has awarded an RM2.1bil contract to a unit of the Malaysian Armed Forces Fund Board (Lembaga Tabung Angkatan Tentera or LTAT) to develop eight sites for the relocation of the former Royal Malaysian Air Force (RMAF) base in Sungai Besi.

The relocation was to facilitate the construction of the 200.32ha mixed-use Bandar Malaysia, for which 1MDB is the master developer, the state-owned strategic investment firm said in a statement.

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Business , 1mdb , bandar malaysia


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