“In addition to public infrastructure and roads, MBSA is also actively upgrading the traffic flow system and boosting its landscaping programme,” he said.

Over the years, Kaiserkorp Group has strengthened its foothold in the bedding industry, with presence in almost 80 countries through 24 international licensees, and achieved impressive revenue and profit compound annual growth rates of 30% and 19%, respectively, between 2018 and 2022.

Menteri Besar Selangor, Datuk Seri Amirudin Shari, berkata negeri itu berada di tempat ketiga dengan pelaburan sebanyak RM12 bilion pada suku pertama tahun ini, selepas berada di kedudukan kedua keseluruhan dengan meraih pelaburan RM55 bilion untuk setahun penuh 2023.

Its chief executive officer Datuk Mahmud Abbas said the residences, to be built in Petaling Jaya and in Section 13, Shah Alam, will be pilot projects, marking a new goal for the state entity in the six decades since its founding.

"The full recovery time is expected to be at 8:00 am on Friday (July 26)," it added.