Getting UDA Back On Track

In 2019, the Auditor General highlighted project delays and governance issues at UDA Holdings, an investee of MOF Inc. Salem Khailany was subsequently brought in as CEO to transform the property player while maintaining its mandate to support the Bumiputera agenda. Salem discusses what he has done since coming on board including reaching a settlement with Tradewinds on the re-development of Bukit Bintang Plaza, and later, whether there might be plans to privatise and re-list UDA. At this point, the total gross development of its projects is RM700 million.