CEO Morning Brief

MOU on Housing, Urban Planning, Smart Cities to be Inked With China, Says Nga

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Publish date: Wed, 19 Jun 2024, 09:58 AM
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TheEdge CEO Morning Brief
Photo by Patrick Goh/The Edge

PUTRAJAYA (June 18): Malaysia and China will sign a memorandum of understanding (MOU) in the fields of housing, urban planning, and smart cities, announced Housing and Local Government Minister Nga Kor Ming.

In a statement on Tuesday, Nga said the exchange of the MOU between Malaysia's Ministry of Housing and Local Government and China's Ministry of Housing and Urban-Rural Development will be witnessed by Prime Minister Datuk Seri Anwar Ibrahim and Li Qiang, during the Chinese premier's official three-day visit to the country from Tuesday to Thursday.

Following the signing of the MOU, the two countries will explore potential cooperation in smart housing, urban redevelopment, urban mobility, urban livability, urban sustainability, and smart city profiling, according to Nga.

Both countries are also expected to explore smart solutions and services for urban operations and management, smart construction and adaptation, and partnerships in the recognition and certification of smart cities, he said.

"Through this MOU, both countries will benefit from expertise sharing, best practices, and collaboration in significant initiatives and projects," he added.

"The exchange of the MOU on the housing and urban development sector is seen as a strategic and significant cooperation between Malaysia and China," he noted.

Nga highlighted that Malaysia stands to gain the latest technology and expertise in housing and urban development from China.

This partnership has the potential to boost investment value, stimulate economic growth, and create new job opportunities, while strengthening bilateral relations between Malaysia and China, he emphasised.

Li is scheduled to arrive on Tuesday night for an official visit, in conjunction with the 50th anniversary of diplomatic relations between Malaysia and China.

He will hold meetings with Anwar to discuss bilateral relations between the two nations, and exchange views on regional and international issues of mutual interest.

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Source: TheEdge - 19 Jun 2024

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