Tun Razak Exchange (TRX) (Kuala Lumpur)

Malaysia / Kuala Lumpur / Kuala Lumpur
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formerly known as KL International Financial District
Developer Website: 1mdb.com.my/klifd1/global-financial-city
Construction Progress: www.skyscrapercity.com/showthread.php?t=1135763

To be completed by 2016, as promised by the Malaysia's Prime Minister, Najib Razak. The RM26 billion Kuala Lumpur International Financial District (KLIFD) development will include office buildings, retail and entertainment space, residential components, a park and a business university. It is to be co-developed by the government's special purpose vehicle 1MDB (www.1mdb.com.my/) and Abu Dhabi's Mubadala group (www.mubadala.ae/) via a strategic partnership.

Malaysia has been maintaining its leadership in Islamic banking and finance for over three decades now with 60 per cent of the international Sukuk issued from here. Islamic banking has been gaining momentum after the 2008 global economic meltdown, because no financial institution that practices Islamic banking looked for bailout packages during that time. Islamic banking is based on the principle of profit-sharing, rather than charging interest as in conventional banking. The sector has helped Malaysia cushion the impact of the global financial crisis. Thus, with the establishment of KLIFD, it will give Malaysia a significant boost, strengthen and maintain the nation's leadership in Islamic finance and banking.
Nearby cities:
Coordinates:   3°8'28"N   101°43'3"E

Comments

  • this is a very good map!!!!
This article was last modified 10 years ago