YTL, Gamuda unveil £5.2bil UK projects during PM Anwar visit

Prime Minister Datuk Seri Anwar Ibrahim (middle) signing a plaque to commemorate the launch of YTL UK's Brabazon New Town in Bristol. Witnessing the occasion are Minister of Investment, Trade and Industry Tengku Zafrul, UK Secretary of State for Business and Trade Jonathan Reynolds, YTL Group executive chairman Tan Sri (Sir) Francis Yeoh, and YTL Power International managing director Datuk Yeoh Seok Hong

Malaysian conglomerates YTL Corp. and Gamuda Bhd. announced a combined £5.2 billion ($6.4 billion) in property projects in the UK as Prime Minister Datuk Seri Anwar Ibrahim kicks off his trip to the nation.

YTL will invest £2 billion in its UK businesses over the next five years and another £2 billion to build homes and schools in Bristol, according to a UK government statement on Wednesday. The construction-to-utility group operates Wessex Water in the UK.

Meanwhile, property and infrastructure company Gamuda broke ground for a £1.2 billion redevelopment project in London on Wednesday, according to a report by The Edge. The firm owns 75% of the venture that will complete the 14-story 75 London Wall.

Anwar is on a working trip to the UK through Jan. 19. He met with UK Prime Minister Keir Starmer on Wednesday. - Bloomberg