PUTRAJAYA: TRX City Sdn Bhd, a wholly owned subsidiary of Minister of Finance (Incorporated), today entered into a deal with IWH CREC Sdn Bhd, the consortium comprising Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) to develop Bandar Malaysia.
IWH-CREC is acquiring a 60% stake in Bandar Malaysia Sdn Bhd, the project’s master developer, from its parent TRX City. In April 2019, the Malaysian government approved the reinstatement of the project after it was called off in May 2017.
The 486-acre Bandar Malaysia is located at the site of the Royal Malaysian Air Force base on Jalan Sg Besi. The air force base is being relocated to eight different sites.
Bandar Malaysia, with a GDV of RM140 billion, aims to attract Fortune 500 global technology and entrepreneurial companies to establish their regional offices in Kuala Lumpur.
source https://www.thesundaily.my/business/bandar-malaysia-deal-takes-off-GI1785855
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