The Government of Malaysia has announced plans to invest USD180 million in the Warisan KL initiative to rejuvenate downtown Kuala Lumpur through heritage restoration and urban greening. Spearheaded by sovereign fund Khazanah Nasional via Think City, the project covers a 20 sq km area and includes 10 flagship initiatives aimed at preserving historical landmarks and creating walkable green corridors.
Central to the effort are the restoration of Carcosa Seri Negara and the Sultan Abdul Samad Building, two colonial-era landmarks currently closed for refurbishment. Preliminary plans include transforming the sites into mixed-use spaces featuring museums, galleries, shops, and hospitality outlets.