The city within a city, Bandar Malaysia will serve not only the Bandar Malaysia community but the whole of greater Kuala Lumpur with all its railway connections and new road infrastructure to come.
The RM140 billion development will also be a hub for to local and international fronts, says Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
"With a gross development value of RM140 billion, it will be the biggest development of its kind in our country.
"This project will unlock tremendous potential high-impact global businesses and talent attraction towards the country, in line with the government’s vision of ensuring prosperity for all," he said during the cheque presentation from IWH-CREC Sdn Bhd worth RM1.24 billion to TRX City Sdn Bhd.
Tengku Zafrul also said that despite the country facing continuous challenges due to the Covid-19 pandemic, market confidence has remained strong especially from foreign investors as it has attracted RM23.1 billion in the bond market until August.
"This is one of the largest projects invested in by Chinese companies in Malaysia, and also draws huge expectations from both countries as well as the rest of the world," he said.
He also said that in the spirit of friendship, China will prioritise Southeast Asia especially Malaysia in distributing COVID-19 vaccine once it is available.