afiqnadzir
Feb 24, 2012, 7:56 PM
KL INTERNATIONAL FINANCIAL DISTRICT
http://i1098.photobucket.com/albums/g371/Afiq_Nadzir/KLIFD_2-600x375.jpg
http://i1098.photobucket.com/albums/g371/Afiq_Nadzir/KLIFD1-600x338.jpg
1MDB ties up with Abu Dhabi
By Vasantha Ganesan
Published: 2010/05/21
The Abu Dhabi government will invest an estimated US$2 billion (RM6.5 billion) to develop the Kuala Lumpur International Financial District (KLIFD) in the Malaysian capital, sources say.
The investment, to be made through Mubadala Development Co, will go towards a mixed development project on 34.4 hectares near Jalan Tun Razak.
The Malaysian government has handed over the site, popularly referred to as Dataran Perdana, to 1Malaysia Development Bhd (1MDB), a company wholly owned by the government.
"A joint-venture company will be set up for a mixed development to include finance, banking, residences and retail," a source said.
"The project will start very soon," another source told Business Times.
Invitations to witness what has been touted as "The birth of the world's newest financial district" have been sent out by 1MDB.
The event on May 29 will be inaugurated by Prime Minister Datuk Seri Najib Razak and General Sheikh Mohammed Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces.
The deal with Abu Dhabi is the second that 1MDB is signing in the span of just two weeks.
Last week, it entered a memorandum of understanding (MOU) with the Qatar Investment Authority (QIA). The latter has proposed to invest US$5 billion (RM16 billion) in Malaysia.
The MOU provides a framework for facilitating investment cooperation between the two to explore, evaluate and implement investment opportunities in Malaysia.
It was reported that the Sg Besi site of the Royal Malaysian Air Force base would be transferred to 1MDB for development and that QIA might be involved in the project.
Read more: 1MDB ties up with Abu Dhabi http://www.btimes.com.my/Current_New...#ixzz0oVZmHIFU
http://i1098.photobucket.com/albums/g371/Afiq_Nadzir/KLIFD_2-600x375.jpg
http://i1098.photobucket.com/albums/g371/Afiq_Nadzir/KLIFD1-600x338.jpg
1MDB ties up with Abu Dhabi
By Vasantha Ganesan
Published: 2010/05/21
The Abu Dhabi government will invest an estimated US$2 billion (RM6.5 billion) to develop the Kuala Lumpur International Financial District (KLIFD) in the Malaysian capital, sources say.
The investment, to be made through Mubadala Development Co, will go towards a mixed development project on 34.4 hectares near Jalan Tun Razak.
The Malaysian government has handed over the site, popularly referred to as Dataran Perdana, to 1Malaysia Development Bhd (1MDB), a company wholly owned by the government.
"A joint-venture company will be set up for a mixed development to include finance, banking, residences and retail," a source said.
"The project will start very soon," another source told Business Times.
Invitations to witness what has been touted as "The birth of the world's newest financial district" have been sent out by 1MDB.
The event on May 29 will be inaugurated by Prime Minister Datuk Seri Najib Razak and General Sheikh Mohammed Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces.
The deal with Abu Dhabi is the second that 1MDB is signing in the span of just two weeks.
Last week, it entered a memorandum of understanding (MOU) with the Qatar Investment Authority (QIA). The latter has proposed to invest US$5 billion (RM16 billion) in Malaysia.
The MOU provides a framework for facilitating investment cooperation between the two to explore, evaluate and implement investment opportunities in Malaysia.
It was reported that the Sg Besi site of the Royal Malaysian Air Force base would be transferred to 1MDB for development and that QIA might be involved in the project.
Read more: 1MDB ties up with Abu Dhabi http://www.btimes.com.my/Current_New...#ixzz0oVZmHIFU