Chief Executive Officer, Datuk Azman MahmudKUALA LUMPUR, Sept 6 (Bernama) — The Malaysian Investment Development Authority (MIDA) expects more multinational companies (MNCs) and local conglomerates to set up operations at the Tun Razak Exchange (TRX), given the strategic value proposition of the Kuala Lumpur financial district.
Chief Executive Officer, Datuk Azman Mahmud said TRX offers exciting prospects for companies seeking to centralise their key functions in one location, and streamline global support services to enhance efficiency and productivity.
“MIDA sees the TRX as a long-term profitable location for businesses to expand due to its excellent accessibility and connectivity to the vibrant ecosystem available in the existing city centre and the rest of Greater Kuala Lumpur.
“By locating here, companies can be closer to an established supply chain and matured workforce,” he said in a statement today.
To date, TRX has signed global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter, HSBC Malaysia, Prudential and Affin Bank Bhd for office towers.
Indonesia’s leading property developer, Mulia International is to develop the Signature Tower plot, Lembaga Tabung Haji and WCT Bhd for residential plots and global leader in water management, Veolia Water Technologies, as the water treatment and recycling concessionaire.
— BERNAMA
