They in­clude HSBC, which will build its new HQ at the site, says TRX City CEO

New Straits Times - - News - KUALA LUMPUR

THE Tun Razak Ex­change (TRX), a 28.3ha de­vel­op­ment in the heart of the city here, has seen 80 per cent of the land on its north side com­mer­cialised, or un­der ne­go­ti­a­tions.

TRX City Sdn Bhd chief ex­ec­u­tive of­fi­cer Datuk Az­mar Talib said the com­pany was in ad­vanced talks with in­vestors, some of them among the world’s most recog­nis­able names in bank­ing and fi­nance.

“To­day, we have on board with us, world-class in­vestors,” he said when host­ing sev­eral heads of mis­sion at the project site here yes­ter­day.

HSBC, one of the world’s largest banks, will in­vest US$250 mil­lion (RM1.1 bil­lion) to build its new Malaysian head­quar­ters there.

“This is sig­nif­i­cant for us as HSBC was also one of the early be­liev­ers in the Ca­nary Wharf (in Lon­don) and Dubai In­ter­na­tional Fi­nan­cial Cen­tre, our in­spi­ra­tion.

“We also have Lendlease, which will de­velop Life­style Quar­ters; Mu­lia In­ter­na­tional Group, which is build­ing Signature Tower and Ve­o­lian, the con­ces­sion­aire for our waste­water re­cy­cling plant.”

He said once TRX was open, the TRX Sta­tion would be the busiest sta­tion, with two lines ca­ter­ing up to 25,000 pas­sen­gers ev­ery hour.

In­vestKL CEO Datuk Zainal Aman­shah said Malaysia con­tin­ued to at­tract in­vestors. This was demon­strated by the pres­ence of 13 am­bas­sadors, as well as 21 rep­re­sen­ta­tives, at


“There is still in­ter­est in in­vest­ing in this coun­try. In­vestors’ con­fi­dence still ex­ists as the coun­try’s fun­da­men­tals re­main strong.

“This con­fi­dence is demon­strated right here by the am­bas­sadors, who are vis­it­ing the TRX site to­day (yes­ter­day). Th­ese are dig­ni­taries from the United King­dom, France, Bel­gium, New Zealand, Kaza­khstan, the Nether­lands, China and Ja­pan.”

He said the visit was for the am­bas­sadors to ex­pe­ri­ence the world­class fa­cil­i­ties that Mass Rapid Tran­sit (MRT) lines and TRX of­ferred.

Zainal said most of th­ese coun­tries were al­ready in­volved in the MRT and light rail tran­sit projects.

In­vestKL is tasked by the gov­ern­ment with at­tract­ing 100 of the world’s largest multi­na­tion­als to in­vest in the Greater Kuala Lumpur area by 2020.

As such, Zainal has been in dis­cus­sion to bring in more for­eign in­vest­ment to TRX.

“Our strate­gic po­si­tion in Asean and mul­ti­lin­gual tal­ent re­main at­trac­tive fac­tors for in­vestors to come here. It has been chal­leng­ing for the oil and gas sec­tor, but we have seen at least seven com­pa­nies from the sec­tor mov­ing here in the last 12 months.

“Asean is a big mar­ket, so you do see a fast-mov­ing sup­ply chain with com­pa­nies mov­ing their goods.”

Zainal said there had been talk of mak­ing TRX a dig­i­tal hub, but noth­ing had ma­te­ri­alised yet. Ber­nama

Datuk Az­mar Talib

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.