The US$2 billion (US$1 = RM4.07) investment commitment from China Railway Group Ltd (CREC) in Bandar Malaysia will lead to more foreign direct investments (FDIs) flowing into the country, said Prime Minister Datuk Seri Najib Razak.
As a major multinational player, CREC's confidence in Bandar Malaysia as a valuable investment underlies its confidence in Malaysia's economy.
Najib said CREC acted as an impressive first mover in Bandar Malaysia with its US$2 billion commitment that would attract further international players, many of whom had already expressed interests in the development.
"We believe this development would bring huge amount of foreign investments into Malaysia, starting from this US$2 billion investment by CREC, itself committed to bringing more investments to Bandar Malaysia," said Najib before signing a plaque marking CREC's commitment to have its regional office in Bandar Malaysia here.
CREC President Zhang Zongyan earlier announced that the company would invest US$2 billion to build its regional centre in Bandar Malaysia.
CREC is one of the world’s largest engineering and construction firms and also has businesses, among others, in industrial manufacturing, real estate development, and resources and mineral products.
As of 2015, it was ranked number 71 in Fortune 500, with a turnover exceeding US$100 billion per annum.
"A company like CREC moves very fast so we have to respond equally fast," said Najib.
CREC's development blueprint includes an integrated underground city model after Canada's Montreal underground city with dedicated space for financial and commercial centres, tourism and shopping facilities, high-end corporate offices and theme parks and theme theatres.
"Judging from the artist's impression...in the near future, this fully integrated city would be the largest underground development in the whole world," said Najib, adding Bandar Malaysia was set to be a new real landmark development.
The event underlies the Prime Minister’s focus on making Kuala Lumpur as a top global city and Malaysia a global destination of choice for international investors.
"This is part of our long-term plan to raise private sector investment, which produces tangible advantages for the people and our country.
"Last year, for instance, 4,887 projects were approved by the Malaysian Investment Development Authority and these are expected to create 180,240 new jobs," he said.
Najib praised the long-standing friendly ties between the two countries and said CREC's move would lure more investments from China, which has increased enormously in the last few years.
"If we take foreign direct investment stock from China and Hong Kong together, it has been increasing at a compounded annual growth rate of 22 percent over the last seven years, making it one of the fastest growing major sources of FDIs in Malaysia.
"The Malaysian government will be committed to making this development a success and Bandar Malaysia will be truly successful," said Najib, adding the government would consider appropriate incentives for CREC and other investors for Bandar Malaysia.
Bernama
Mon Mar 21 2016
![China Railway's US$2b investment in Bandar Malaysia will lead to more FDIs - Najib China Railway's US$2b investment in Bandar Malaysia will lead to more FDIs - Najib](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-03/51458551106_BandarMalaysia.jpg)
An artist's impression of Bandar Malaysia. CREC had earlier announced that the company will invest US$2 billion to build its regional centre here. - 1MDB.com.my
AWANI 7:45 [16/07/2024] - Suspek dibawa ke lokasi | Selamat tinggal rakyat Malaysia | Harimau Malaya hilang taring?
- Polis sahkan suspek bunuh Kartini anggota polis.
- Pan-Gon enggan dedah punca letak jawatan.
- Faisal Halim sedih mentor Pan-Gon undur diri.
- Pakai reben putih di Parlimen, tak salah.
- Pan-Gon enggan dedah punca letak jawatan.
- Faisal Halim sedih mentor Pan-Gon undur diri.
- Pakai reben putih di Parlimen, tak salah.
![E-sukan harus dijadikan kepentingan sehingga ke peringkat lebih tinggi E-sukan harus dijadikan kepentingan sehingga ke peringkat lebih tinggi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61721128633_MohdHidayatMohdSa.jpg)
E-sukan harus dijadikan kepentingan sehingga ke peringkat lebih tinggi
Kerajaan juga harus wujudkan sebuah dasar yang jelas supaya kepentingan e-sukan ini mampu diperkembangkan ke masa hadapan.
![Kerajaan pandang serius penularan ideologi liberalism, pluralism Kerajaan pandang serius penularan ideologi liberalism, pluralism](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61721122322_ZulkifliHasan.jpg)
Kerajaan pandang serius penularan ideologi liberalism, pluralism
Kerajaan sentiasa memandang serius terhadap penularan ideologi dan aliran pemikiran yang bercanggah dengan ajaran Islam seperti ideologi liberalism dan pluralism agama.
![Tidak dapat tidak, atlet RTG mesti bawa pulang emas - MOM Tidak dapat tidak, atlet RTG mesti bawa pulang emas - MOM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-03/61710754100_MohdNazifuddinNaji.jpg)
Tidak dapat tidak, atlet RTG mesti bawa pulang emas - MOM
Atlet di bawah projek Road To Gold (RTG) tidak mempunyai pilihan selain memenangi emas yang diidam-idamkan Malaysia pada Sukan Olimpik 2024 di Paris.
![KEDA peruntuk RM3.37 juta tahun ini bagi keterjaminan makanan KEDA peruntuk RM3.37 juta tahun ini bagi keterjaminan makanan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-09/41693913999_RubiahWang.jpg)
KEDA peruntuk RM3.37 juta tahun ini bagi keterjaminan makanan
Lembaga Kemajuan Wilayah Kedah (KEDA) memperuntukkan RM3.37 juta pada tahun ini bagi memastikan keterjaminan makanan negara.
![Dewan Rakyat lulus RUU Agensi Kawalan dan Perlindungan Sempadan Malaysia Dewan Rakyat lulus RUU Agensi Kawalan dan Perlindungan Sempadan Malaysia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721021538_TBSHAMSUL.jpg)
Dewan Rakyat lulus RUU Agensi Kawalan dan Perlindungan Sempadan Malaysia
Rang Undang-Undang Agensi Kawalan dan Perlindungan Sempadan Malaysia 2024 yang bertujuan menubuhkan MCBA diluluskan persidangan Dewan Rakyat, hari ini.
![PAC akan mulakan prosiding isu dibangkit LKAN Siri 2/2024 PAC akan mulakan prosiding isu dibangkit LKAN Siri 2/2024](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-03/61710922383_MasErmieyatiSamsud.jpg)
PAC akan mulakan prosiding isu dibangkit LKAN Siri 2/2024
Jawatankuasa Kira-Kira Wang Negara (PAC) akan memulakan prosiding bagi empat isu yang dibangkitkan dalam Laporan Ketua Audit Negara (LKAN) Siri 2/2024.
AWANI Ringkas: Kes bunuh Nur Farah Kartini | Skandal LCS
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
ADUN Rembia sertai Pas, kenapa tak umum tahun lepas? - MP Kampar
Chong Zhemin, tindakan tersebut seolah-olah satu penghinaan paling besar kepada Parlimen yang telah meluluskan pindaan Perlembagaan Persekutuan berkait Akta Antilompat Parti.
Masuk Pas untuk sama-sama susah dengan rakyat - ADUN Rembia
Muhamad Jailani berkata, sebelum ini beliau pernah menghantar surat kepada Lembaga Disiplin UMNO memohon untuk memecat keahliannya daripada parti Melayu itu.
![Penamatan HSR hanya isu sementara bagi sektor pembinaan Penamatan HSR hanya isu sementara bagi sektor pembinaan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-01/81609740267_TBHUTANG.jpg)
Penamatan HSR hanya isu sementara bagi sektor pembinaan
"Tanpa HSR, fiskal kerajaan akan menjadi kurang terhad, menyediakan peruntukan yang lebih tinggi untuk projek berimpak tinggi yang lain."
![TH jawab tuduhan 'berbaur politik' berhubung pembelian tanah TRX TH jawab tuduhan 'berbaur politik' berhubung pembelian tanah TRX](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-11/71479817647_TabungHaji.jpg)
TH jawab tuduhan 'berbaur politik' berhubung pembelian tanah TRX
Lembaga Tabung Haji menjawab tuduhan berbaur politik tentang pembelian tanah di TRX. TH kata pembelian tanah di TRX akan memberi pulangan baik kepada TH dan pendepositnya
![TRX dan Bandar Malaysia bukti kejayaan 1MDB - Arul Kanda TRX dan Bandar Malaysia bukti kejayaan 1MDB - Arul Kanda](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-03/51459407927_ArulKanda.jpg)
TRX dan Bandar Malaysia bukti kejayaan 1MDB - Arul Kanda
Ketua Pegawai Eksekutif 1MDB, Arul Kanda Kandasamy mahu kejayaan 1MDB diukur berdasarkan kejayaan syarikat milik kerajaan itu merealisasikan pembinaan dua projek meganya.
![Letupan tapak pembinaan MRT: Kementerian siasat jika ada pelanggaran SOP Letupan tapak pembinaan MRT: Kementerian siasat jika ada pelanggaran SOP](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-10/71507679029_MRT.jpg)
Letupan tapak pembinaan MRT: Kementerian siasat jika ada pelanggaran SOP
Datuk Seri Fadillah Yusof berkata pemeriksaan itu akan dijalankan selepas mendapat kebenaran daripada polis yang masih menjalankan siasatan terhadap kes berkenaan.
![MOF akan keluar RFP untuk Bandar Malaysia akhir minggu MOF akan keluar RFP untuk Bandar Malaysia akhir minggu](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-06/61466127130_NajibTunRazakBan.jpg)
MOF akan keluar RFP untuk Bandar Malaysia akhir minggu
Pengerusi TRX City Sdn Bhd dan Bandar Malaysia Sdn Bhd, berkata menerusi RFP, MoF akan menetapkan kriteria dan syarat baharu kepada syarikat yang akan terlibat.
![Perjanjian jualan saham Bandar Malaysia kepada IWH CREC terbatal Perjanjian jualan saham Bandar Malaysia kepada IWH CREC terbatal](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-03/51458551106_BandarMalaysia.jpg)
Perjanjian jualan saham Bandar Malaysia kepada IWH CREC terbatal
60 peratus modal terbitan dan berbayar Bandar Malaysia Sdn Bhd, kini terbatal berikutan kegagalan pihak pembeli menunaikan tanggungjawab pembayaran.
![1MDB tiada hutang bank, hutang jangka pendek - Kementerian Kewangan 1MDB tiada hutang bank, hutang jangka pendek - Kementerian Kewangan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-12/41450419647_ONEMDB.jpg)
1MDB tiada hutang bank, hutang jangka pendek - Kementerian Kewangan
1Malaysia Development Bhd (1MDB) tidak mempunyai sebarang hutang bank atau hutang jangka masa pendek pada masa ini, kata Kementerian Kewangan hari ini.
![Sukuk Bandar Malaysia pelaburan terjamin - Tabung Haji Sukuk Bandar Malaysia pelaburan terjamin - Tabung Haji](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2014-07/61404788465_295x200.jpg)
Sukuk Bandar Malaysia pelaburan terjamin - Tabung Haji
Lembaga Tabung Haji (TH) hari ini menjelaskan bahawa pelaburannya dalam Terbitan Sukuk Bandar Malaysia pada Februari 2014 dibuat kerana ia adalah pelaburan terjamin.