Tun Razak Exchange receives YAB Prime Minister of Malaysia
KUALA LUMPUR, 5 June 2017: The Prime Minister of Malaysia YAB Dato’ Seri Mohd Najib Tun Haji Abdul Razak visited the site of Tun Razak Exchange to receive progress updates on the development of Kuala Lumpur’s upcoming international financial district.
The Prime Minister was accompanied by senior government officials including Tan Sri Dr. Mohd Irwan Serigar Abdullah, Secretary General of Treasury, Ministry of Finance, as well as guests from the financial services sector.
Tan Sri Irwan, who is also the Chairman for the project’s master developer TRX City Sdn Bhd, delivered the welcoming speech followed by a briefing from the CEO of TRX City Dato’ Azmar Talib on the project’s progress and significant investment milestones.
TRX will strengthen Kuala Lumpur’s position as a leading centre for international finance and business, by creating a seamless and central business environment for financial services firms, multinational companies (MNCs) and supporting ancillary businesses.
Around 70 percent of the plots available in TRX have been commercialized, and TRX City continues to receive significant interest from various local and international investors and tenants, including several of the world’s major banks and financial institutions.
To date, TRX has signed global property and infrastructure group Lendlease to develop the Lifestyle Quarter; Indonesia’s leading property developer Mulia Group to develop the Signature Tower plot; Affin Bank Berhad for an office tower; Lembaga Tabung Haji for a residential plot, and global leader in water management Veolia Water Technologies South East Asia as the water treatment and recycling concessionaire.
As the most seamlessly connected district in the city, TRX will feature an integrated MRT interchange station. This is further supported by direct links to major roads such as Jalan Tun Razak, the MEX highway, and the SMART Tunnel.
TRX will also improve connectivity of the city beyond its boundaries. The work on the Jalan Tun Razak traffic dispersal project, a joint effort by DBKL and TRX to upgrade the arterial road, is commencing. TRX recently awarded a contract to build elevated, at-grade and underground access connections to three major highways to Gadang CRFG Consortium Sdn Bhd.
The district will also have pedestrian-friendly walkways that connect to the Bukit Bintang shopping belt, and a 10-acre central urban park on top of the mall fronting office buildings.