BBCC gross development value worth RM8.7 billion

Located on a 7.85 hectare site on what was the old Pudu Jail, the BBCC is worth RM8.7 billion in gross development value.

It comprises a retail mall, an entertainment hub, a fourstar hotel, two blocks of strata offices, and five blocks of serviced apartments, and a 80- storey three- in- one signature tower housing corporate offices, which has a five-star hotel and luxury residences.

Phase one, involving 50 per cent of the project, is scheduled for completion by December 2020.

Najib said BBCC together with Mitsui Mall is yet another model of how Malaysia’s Economic Transformation Programme is bearing fruit in terms of attracting foreign investments.

He pointed out that the Japanese were already among the top foreign buyers for the residential units in the BBCC project.

“Malaysia remains the top retirement destination for Japanese, thanks to our stable economic and political environment, temperate climate and affordable living standards,” he said.

As an open and diversified country, Najib said Malaysia continued to be an attractive investment destination.

“We welcome foreign direct investments, irrespective of whether from Japan, China, Saudi Arabia, the United States or Singapore.

“If you add value to the Malaysian economy, provide more jobs, bring in new technologies and add to the export value, among others, you are certainly very welcome to invest in the country,” he added. — Bernama