We Are PAAB
Pengurusan Aset Air Berhad (PAAB) is a wholly owned company of the Minister of Finance Inc., incorporated on 5 May 2006 with the objective of being the holding company for the nation’s water assets.
PAAB forms part of the Government’s efforts to restructure the water services industry in the country to achieve better efficiency and quality, as well as to ensure sustainability of the industry.
Our main responsibility is to develop the nation’s water infrastructure in Peninsular Malaysia and the Federal Territory of Labuan, using competitive financing sourced and obtained from private financial market. The water assets are then leased to water operators licensed by the industry regulator, Suruhanjaya Perkhidmatan Air Negara (SPAN) for operations and maintenance.
Our Vision
Centre of
Excellence
Our Mission
Provide creative solutions and nurture cost recovery in national water service industry.
Recognising the challenges faced by the national water services industry, PAAB would strive to provide tailored creative solutions to help nurture cost recovery in national water services industry.
Revitalise the national water services industry through efficient deliverables.
PAAB is committed towards provision of efficient deliverables to its stakeholders which in turn, would help revitalise the national water services industry.
Cultivate talent and expertise to meet future industry demand.
PAAB endeavours to attract, cultivate, and retain the right talent, expertise and skillset to drive PAAB towards fulfilling the prevalent aspiration of the national water services industry.
Value creation for stakeholders through optimum operation.
In cognisant of the various challenges and limitations faced by PAAB, it is critical to ensure PAAB creates value to its stakeholders by allocating the right balance of resources.
Our Journey Milestone
2023
- ISO 37001:2016 Anti-Bribery Management System (ABMS)
- Malaysia Book of Records for the longest and deepest micro tunnelling twin parallel water pipeline for Package 11, Langat 2 WTP Phase 1 Project
- Asian Water Awards; Collaborative Water Initiative of the Year (Malaysia)
- Asian Water Awards; Water Technology Excellence Award (Water Resource Management)
2022
- MOU PAAB & NAHRIM on exploring new technologies in water assets.
more - Issuance of Sustainability Sukuk Wakalah under the Islamic Commercial Paper (“ICP”) Programme
2021
- National Water Services Industry Restructuring Initiative; Kedah
2020
- National Water Services Industry Restructuring Initiative; Pahang
- ISO 9001:2015 Certification of Quality Management System for the ‘Provision of Operation Management in Construction, Refurbishment, Improvement, Upgrading and Restoration of Water Supply Infrastructure / Water Systems for Existing and New Water Assets Nationwide
- Water Deal of the Year at The Asset Triple A Asia Infrastructure Awards 2020,
more
2018
- The Journey Towards ISO 9001:2015 Certification
2016
National Water Services Industry Restructuring Initiative; Kelantan
2014
National Water Services Industry Restructuring Initiative; Selangor
2012
- National Water Services Industry Restructuring Initiative; Perak
- Best Islamic Restructuring Deal – The Asset Asian Awards
2011
National Water Services Industry Restructuring Initiative; Pulau Pinang
2010
National Water Services Industry Restructuring Initiative; Perlis
2009
National Water Services Industry Restructuring Initiative; Johor
2008
National Water Services Industry Restructuring Initiative; Melaka & Negeri Sembilan