What new facilities will Forest City invest RM5 billion in?

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Forest City to Invest RM5 Billion in New Facilities

Forest City plans to allocate an additional RM5 billion in capital expenditure to develop new facilities. This investment will fund the construction of a golf course, a second hotel, and essential infrastructure. Additionally, a factory will be established to produce 'ready-to-assemble' concrete structures.
Golf Course and Hotel Expansion

A significant portion of the RM5 billion capital expenditure will be directed towards enhancing recreational and hospitality amenities. This includes the development of a new golf course, providing additional leisure options. Furthermore, the project will see the construction of another hotel, expanding its capacity to accommodate visitors and residents.
Infrastructure Upgrades and New Factory

The investment will also cover crucial infrastructure enhancements to support the growing development. Alongside these upgrades, a new factory is planned. This facility will specialise in manufacturing 'ready-to-assemble' concrete components, such as staircases and beams, streamlining construction processes.
Local Procurement and Economic Benefit

Beyond new construction, Forest City has highlighted its commitment to local economic participation. Approximately 42.55 per cent of the project's capital expenditure has been awarded to Malaysian consultancy firms and construction companies. Materials such as cement and sand are also reportedly sourced locally, countering claims that the project has not benefited Malaysia.

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What new facilities will Forest City invest RM5 billion in?

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