PUTRAJAYA: Abu Dhabi's Mubadala Development Co. will enter into a strategic partnership with 1Malaysia Development Bhd (1MD) to build KL International Financial Centre (KLIFC) which will cost RM26 billion.
Prime Minister Datuk Seri Najib Razak said on Friday, Oct 8 the KLIFC will provide significant stimulus for the CONSTRUCTION [] industry. It would also promote economic growth, attract investments and create jobs.
Construction of the KLIFC is expected to start in mid-2011, he said at the signing of agreement between Mubadala Development and 1MD.
Mudabala had also agreed to invest of up to US$7 billion in the development of the aluminium sector in Sarawak, with the power source from hydroelectric power.
Prime Minister Datuk Seri Najib Razak said on Friday, Oct 8 the KLIFC will provide significant stimulus for the CONSTRUCTION [] industry. It would also promote economic growth, attract investments and create jobs.
Construction of the KLIFC is expected to start in mid-2011, he said at the signing of agreement between Mubadala Development and 1MD.
Mudabala had also agreed to invest of up to US$7 billion in the development of the aluminium sector in Sarawak, with the power source from hydroelectric power.
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