What new business sectors is UDA Holdings exploring for diversification?

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UDA Holdings Bhd is exploring new business sectors aligned with the 'new normal' to enhance competitiveness and public confidence amidst the Covid-19 pandemic.

UDA Holdings Bhd is undertaking a strategic diversification of its business portfolio, focusing on ventures that align with the prevailing 'new normal' conditions. This initiative aims to bolster public confidence during the Covid-19 pandemic and ensure the government-linked company's continued competitiveness and relevance. The company is placing a significant emphasis on its food and beverage (F&B) and asset management divisions, while also identifying other businesses pertinent to the current operating environment.
Emphasis on Food and Beverage and Asset Management

The chairman of UDA Holdings Bhd, Datuk Jalaluddin Alias, highlighted that the company will be emphasizing its existing food and beverage (F&B) and asset management businesses as part of its diversification strategy. These sectors are seen as crucial for adapting to the evolving economic landscape and maintaining a strong market presence. This focus indicates a strategic move to leverage and expand upon these established areas of operation.
Alignment with the 'New Normal'

A core tenet of UDA Holdings' diversification plan is the integration of the 'new normal' into its business exploration. This approach is intended to instill confidence among the public and business communities operating within UDA premises, particularly in light of the ongoing Covid-19 pandemic. Businesses that align with these new practices are expected to be welcomed and encouraged.
Broader Business Implications Amidst Pandemic

Beyond its core property development, UDA Holdings also has interests in construction and hospitality, sectors significantly impacted by the Covid-19 pandemic. The company acknowledges these challenges and is implementing changes to ensure the relevance of its business concepts. The diversification strategy is thus a response to these broader industry shifts, seeking to create resilience across its various ventures.

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What new business sectors is UDA Holdings exploring for diversification?

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