Malaysia’s Prime Minister Najib Razak (above) launched a new financial district in Kuala Lumpur yesterday which the government has ambitiously projected will attract more than 250 “world leading companies” to locate in the 70-acre site.
Renamed the Tun Razak Exchange (TRX) after his father and Malaysia’s second premier Abdul Razak, Mr Najib revealed that the RM26 billion (S$10.3 billion) Kuala Lumpur International Financial District had secured over RM3.5 billion for the entire first phase. “We want to have a new business and financial hub that brings the East and West together, one that can grow both Islamic and conventional finance,” said Najib………………………………………..Full Article: Source