SINCE ITS ESTABLISHMENT on 5 May 2006, Pengurusan Aset Air Berhad (PAAB) has played a pivotal role in Malaysia’s national agenda to restructure and revitalise the water services sector. As a wholly owned entity under the Minister of Finance Incorporated (MoF Inc), PAAB was conceived to spearhead change through two core mandates: firstly, to settle the state government's federal loan debts for water infrastructure through the acquisition of their water assets of equivalent value. Secondly, to build, upgrade and rehabilitate the water supply infrastructure by offering competitive financing resources to ensure the sustainable development of water services nationwide.
“Our mission is to empower the water sector through long-term financial solutions and infrastructure development, so that Malaysians continue to enjoy access to clean and reliable water,” says Zulkiflee Omar, the CEO of PAAB.
