MRCB was founded in 1968 as Perak Carbide Corporation Sdn Bhd, a
carbide manufacturer, and
went public in 1971. In 1981, it shifted its business focus to property development and took on its present name. Since the 1990s, MRCB has led a
consortium also comprising
Keretapi Tanah Melayu and Pembinaan Redzai to develop and construct KL Sentral, the largest transportation hub in Malaysia. KL Sentral is the intersection of
KTM Komuter,
ETS,
Rapid Rail (LRT and monorail),
Express Rail Link to
Kuala Lumpur International Airport and the newly opened
KVMRT Sungai Buloh-Kajang line. The business district is also home to major local corporations including
UEM,
CIMB and
Axiata, and the Malaysian headquarters of foreign multinationals such as
Shell and
General Electric. As of 2015, KL Sentral is almost fully developed aside from two lots set aside for future projects. Township projects developed by MRCB include 9 Seputeh and Kota Semarak in the periphery of Kuala Lumpur. As of 2015, major projects in the pipeline include
Penang Sentral, a similar transport hub for the northern city of
Penang, PJ Sentral, a mixed residential and commercial development in the KL suburb of
Petaling Jaya, and refurbishment of the
Bukit Jalil National Stadium. It is also a
joint venturer in the development of the town centre in the 2,330-acre
Kwasa Damansara township in the
Klang Valley, which is owned by its major shareholder, the
Employees Provident Fund (EPF). ==Notable projects==