Reinvesting in heritage, urban renewal can bolster tourism: Think City - In The News

Reinvesting in heritage, urban renewal can bolster tourism: Think City

The Vibes, 16 October 2022

GEORGE TOWN – Think City, an urban rejuvenation entity under Khazanah Nasional Bhd, is proposing that the government allocate funds for investment in heritage conservation and urban renewal projects as a way to spur the tourism industry.

Its CEO Hamdan Abdul Majeed said it is important to recognise that the industry’s revival in the wake of the pandemic-related lockdowns would contribute significantly towards improving the battered economy.

“There is value in investing in private sectors that utilise historical and urban landscapes and assets.

“We have seen and experienced the economic boost from this sector for the past decade,” he said in an interview with The Vibes.

Think City, a wholly owned subsidiary of Khazanah Nasional Berhad, is an impact
organisation dedicated to creating sustainable and equitable places for all walks of
life. Through their expertise in urban solutions, the environment, social communities,
and the cultural economy, Think City believes that better cities make better lives, and
that every Malaysian deserves to live in a place that is vibrant, inclusive, and full of
possibility.

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