Malaysia’s upcoming financial and business district Tun Razak Exchange (“TRX”) today announced the signing of a 20-year concession agreement with Veolia Water Technologies Southeast Asia for wastewater treatment and recycled water supply in TRX. The wastewater treatment plant to be built and operated by Veolia will be a key component of TRX’s sustainability framework, supplying recycled water and cutting water demand by more than 50%.

The Tun Razak Exchange (TRX), Kuala Lumpur’s highly anticipated financial district, has chosen international property and infrastructure group Lend Lease as a major joint venture partner for part of its development. 1MDB Real Estate Sdn Bhd (1MDB RE) and Lend Lease have today signed a binding agreement to work exclusively together to finalise the joint venture documentation and to commence work on the TRX Lifestyle Quarter.

Malaysia-China relations reach new heights today when two state-owned agencies entered into an investment cooperation agreement on strategic initiatives for regional and global economic growth. This signals China’s commitment to further strengthen economic linkages anchoring on the Tun Razak Exchange’s Signature Tower as a new impetus for trade and economic growth.

The Tun Razak Exchange (TRX), Kuala Lumpur’s highly anticipated upcoming financial district, is now calling for international and domestic investors to be part of its strategic development. Following strong expressions of interest from a host of local and global players, master developer 1MDB Real Estate Sdn Bhd (1MDB RE) today formally invites qualified investors to submit proposals for Stage 1 of TRX.

Tun Razak Exchange (TRX) project gains major momentum as 1MDB awards its first package of earthworks and substructure contract to WCT Berhad today. The RM169 million contract is the first in a series of TRX earthworks and civil engineering packages to be awarded.

A global design competition is underway to pick the best of architectural designs for a Signature Tower in the Kuala Lumpur International Financial District (KLIFD). The Malaysian Institute of Architects (PAM) is organising the competition under the auspices of the International Union of Architects (UIA).

The incentives for the Kuala Lumpur International Financial District (KLIFD), the KLIFD Marquee status and the KLIFD status, underscore the government’s commitment in making Kuala Lumpur a global financial centre. Both incentives will cater for two different groups with different strategic intent. KLIFD Status incentives, offered to new foreign entrants of priority sub-sectors, will get income tax exemption of 100 % for a period of 10 years and stamp duty exemption on loan and service agreements. Both local and foreign Marquee companies with KLIFD Marquee Status, meanwhile, will enjoy Industrial Building and accelerated Capital Allowances.

The Tun Razak Exchange (TRX) is set to bag an acclaimed international certification for sustainable green development. The TRX master plan underwent a rigorous evaluation by the prestigious US-based Green Building Council on its overall impact beyond individual buildings.

1MDB (1Malaysia Development Berhad) and Dewan Bandaraya Kuala Lumpur (DBKL) are building a new integrated commercial centre (ICC) to house traders relocating from Pasar Baru Bukit Bintang. The existing Pasar Baru Bukit Bintang in Imbi is making way for the Tun Razak Exchange (TRX) development.

1MDB (“1Malaysia Development Berhad”) has made a slew of appointments as the Kuala Lumpur International Financial District (KLIFD) begins to take shape. Eleven local and global companies covering various fields including sustainability, infrastructure engineering, landscape planning and traffic management were appointed based on their experience and track record.