It served to launch and oversee urban development projects related to business, industry, and housing.

In 2007, UDA is delisted from the Main Board of Bursa Malaysia and becomes a wholly owned subsidiary of Khazanah Nasional.

[1][2] As a government agency, between 1971 and 1979, UDA had developed 118 commercial projects – 30 in the Federal Territory, 15 in Terengganu, 14 in Kelantan and 10 each in Perak and Kedah.

[3] UDA was also responsible for the Kuala Lumpur comprehensive urban renewal programme[3] in the 1970s and 1980s, which include the 16-storey Cahaya Suria, opened in late 1977, Puduraya[4] and Dayabumi.

UBSB is the subsidiary that handles rental collection, carpark management, building maintenance, security, and other assorted services.

[9] City Guards is the subsidiary handling most of the security work, with 212 security personnel and 10 branches guarding 22 premises in the states of Selangor, Terengganu, Perak, Johor and Negri Sembilan, as well as the Federal Territory of Kuala Lumpur.