On 15th October 2010, the Prime Minister, Datuk Seri Najib Tun Razak has tabled a RM 212 billion Budget to centre on four key strategies to veer Malaysia into a developed and noble-income nation by 2020. He verbalize it would emphasize to transform the national into a developed and high income economy with inclusive and sustainable development, spearheaded by the private orbit as well(p) as focus on the well being of the people.
Datuk Najib, who is also the Finance Minister point let place that the budget carries the theme Transformation Towards a Developed and steep Income Nation, centre on four key strategies which be Reinvigorating Private Investment, Intensifying Human Capital Development, Enhancing Quality of living of the People, and Strengthening Public Service Delivery.
Under the effort to arouse private investment, Datuk Najib said the Bumiputera Property Trust Fund instauration (BPTF) would provide opportunities for bumiputera ownership of prime commercial properties in major(ip) towns. He said the BPTF will establish a stock to enable ownership of prime commercial properties in Klang Valley, by dint of a group ownership scheme.
Other than that, he pointed out that the administration would further intensify the Public- Private Partnership (PPP) endeavor and implement in 2011 several PPP projects identified chthonian the 10th Malaysia Plan through private investment of RM 12.5 billion. The government would allocate RM1 billion from the Facilitation Fund. Datuk Najib also said that the government would further the private sector to resume an active role melt in the economy through several high impaction strategic projects. These projects included the Kuala Lumpur International Financial Districts (KLIFD) valued at RM 26 billion, which would implemented from 2011 by 1Malaysia Development Berhad (1MBD) in collaboration with Mubadala Development Company, an investment arm of the Government of Abu Dhabi.
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