The Malaysian Resources Corporation Berhad (, commonly referred to as MRCB) is a Malaysian

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

and

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to oth ...

company based in

Kuala Lumpur Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population ...

. It is the master developer of the Kuala Lumpur Sentral

transport hub A transport hub is a place where passengers and cargo are exchanged between vehicles and/or between mode of transport, transport modes. Public transport hubs include train station, railway stations, metro station, rapid transit stations, bus ...

and

business district Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessar ...

. With the EPF as a significant shareholder (38 percent), MRCB is considered a

government-linked company A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

(GLC) in Malaysian business circles.

History

MRCB was founded in 1968 as Perak Carbide Corporation Sdn Bhd, a

carbide In chemistry, a carbide usually describes a compound composed of carbon and a metal. In metallurgy, carbiding or carburizing is the process for producing carbide coatings on a metal piece. Interstitial / Metallic carbides The carbides of th ...

manufacturer, and went public in 1971. In 1981, it shifted its business focus to property development and took on its present name. Since the 1990s, MRCB has led a

consortium A consortium () is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a ...

also comprising

Keretapi Tanah Melayu Keretapi Tanah Melayu Berhad (KTMB) (; Jawi: ) or colloquially referred to simply as KTM, is the main rail operator in Peninsular Malaysia. The railway system dates back to the British colonial era, when it was first built to transport tin. ...

and Pembinaan Redzai to develop and construct KL Sentral, the largest transportation hub in Malaysia. KL Sentral is the intersection of KTM Komuter, ETS, Rapid Rail (LRT and monorail), Express Rail Link to

Kuala Lumpur International Airport Kuala Lumpur International Airport is the main international airport serving Kuala Lumpur, the capital of Malaysia. It is located in the Sepang District of Selangor, approximately south of downtown Kuala Lumpur and serves the Greater Kuala L ...

and the newly opened KVMRT Sungai Buloh-Kajang line. The business district is also home to major local corporations including UEM,

CIMB CIMB Group Holdings Berhad () is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branch ...

and

Axiata Axiata Group Berhad (commonly known as Axiata, formerly known as TM International Berhad), is a Malaysian multinational telecommunications conglomerate with extensive operations in Asia. The group Axiata's primary business is investment ho ...

, and the Malaysian headquarters of foreign multinationals such as

Shell Shell may refer to: Architecture and design * Shell (structure), a thin structure ** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses Science Biology * Seashell, a hard outer layer of a marine ani ...

and

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

. As of 2015, KL Sentral is almost fully developed aside from two lots set aside for future projects. Township projects developed by MRCB include 9 Seputeh and Kota Semarak in the periphery of Kuala Lumpur. As of 2015, major projects in the pipeline include Penang Sentral, a similar transport hub for the northern city of

Penang Penang is a Malaysian state located on the northwest coast of Peninsular Malaysia along the Strait of Malacca. It has two parts: Penang Island, where the capital city, George Town, is located, and Seberang Perai on the Malay Peninsula. Th ...

, PJ Sentral, a mixed residential and commercial development in the KL suburb of

Petaling Jaya Petaling Jaya (), colloquially referred to as "PJ", is a city in Petaling District, in the state of Selangor, Malaysia. Originally developed as a Satellite city, satellite township for Kuala Lumpur, the capital of Malaysia, it is part of the G ...

, and refurbishment of the

Bukit Jalil National Stadium The Bukit Jalil National Stadium (Malay language, Malay: ''Stadium Nasional Bukit Jalil'', Jawi alphabet, Jawi: ) is a multi-purpose stadium in Bukit Jalil, Kuala Lumpur, Malaysia. With a capacity of 87,500, it is the largest stadium in Southea ...

. It is also a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

r in the development of the town centre in the 2,330-acre

Kwasa Damansara Kwasa Damansara is a new township located in the Sungai Buloh (federal constituency), Sungai Buloh constituency of Selangor, Malaysia. Located 14 km northwest of Kuala Lumpur's central business district, it borders Kota Damansara to the south and S ...

township in the

Klang Valley Klang Valley () is an urban agglomeration in Malaysia that is centered in the federal territories of Kuala Lumpur and Putrajaya, and including their adjoining cities and towns in the state of Selangor. It is the urban area of the much larger Ku ...

, which is owned by its major shareholder, the Employees Provident Fund (EPF).

Notable projects

* Kuala Lumpur Sentral * Penang Sentral * Kwasa Sentral

References

External links

* {{authority control 1968 establishments in Malaysia Construction and civil engineering companies of Malaysia Property companies of Malaysia Government-owned companies of Malaysia Companies based in Kuala Lumpur Construction and civil engineering companies established in 1968 Companies listed on Bursa Malaysia Employees Provident Fund (Malaysia) Malaysian companies established in 1968