Affordable space via UDA asset revamp

Site revival: Sim (back, centre) taking a photo with Entrepreneur Development and Cooperatives Ministry secretary-general Datuk Seri Khairul Dzaimee Daud (back, left), Menara Rezeki Sdn Bhd managing director Datuk Seri Saiful Nizam Mohd Yusoff (second row, right) and UDA Holdings Bhd chief executive officer Datuk Seri Ahmad Fuaad Kenali (back, right) at Chinatown 1974, Kuala Lumpur. — FAIHAN GHANI/The Star

KUALA LUMPUR: UDA Holdings Bhd has been tasked with reviving its ageing and underutilised assets and transforming them into premium commercial spaces with affordable rents for micro, small and medium enterprises (MSMEs), says Entrepreneur Development and Cooperatives Minister Steven Sim.

He said UDA, which has operated for more than 50 years, owns various pieces of land and buildings that have become old or underutilised.