What is the main challenge faced by MARA business premises despite good response?

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The primary obstacle for MARA business premises is a scarcity of available space, compounded by the aging infrastructure of many facilities.

Despite a consistent demand from small entrepreneurs for space within MARA arcades, the limited number of available business lots presents the most significant challenge. Furthermore, a substantial portion of these MARA arcades were originally constructed in the 1970s and 1980s, necessitating considerable upgrades to their existing infrastructure and facilities to meet current operational standards and attract both entrepreneurs and visitors.
Need for Infrastructure Upgrades

Many MARA business premises, particularly arcades, were established several decades ago. This vintage means that the physical structures and their supporting utilities often require comprehensive refurbishment. Such upgrades are crucial to ensure these spaces are not only functional but also appealing and comfortable for the entrepreneurs operating within them and for the public patronising these businesses.
Application for Funding for Improvements

In response to these infrastructure needs, MARA has proactively sought financial support. Under the framework of the 13th Malaysia Plan (13MP), the Ministry of Rural and Regional Development, through MARA, has formally applied for an allocation amounting to RM50 million. This requested funding is specifically earmarked for the essential modernisation of MARA arcades, bazaars, and other business premises.
Review of Allocation Policies

To better manage the existing limited space and to prioritise Bumiputera entrepreneurs, MARA is undertaking a thorough review of its current business lot allocation policies. This comprehensive assessment includes the consideration of proposals designed to cap the maximum number of lots any single tenant can occupy. Additionally, the review will scrutinise the current allocation of business spaces that are being utilised by government agencies.
Ensuring Priority for Bumiputera Entrepreneurs

The ongoing review of MARA's allocation policies is fundamentally driven by the objective of safeguarding opportunities for Bumiputera entrepreneurs. This strategic reassessment aims to ensure that MARA's core mission of supporting and developing Bumiputera businesses remains its foremost priority, thereby preventing the diminishing of opportunities for this specific group.

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What is the main challenge faced by MARA business premises despite good response?

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