What is the projected Gross Development Value of Bandar Malaysia?

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Projected Gross Development Value of Bandar Malaysia Stands at RM160 Billion

The Bandar Malaysia development project is anticipated to achieve a Gross Development Value (GDV) of approximately RM160 billion upon its full completion. This significant figure was stated by Tan Sri Lim Kang Hoo, the chief executive of Iskandar Waterfront Holdings (IWH), a key stakeholder in the project.
Investment Commitment by China Railway Group Limited

As part of the development's progress, China Railway Group Limited (CREC) has committed to establishing its regional centre within the Bandar Malaysia land bank. This initiative involves an investment of US$2 billion (RM8.14 billion) and is expected to serve as a substantial boost to Malaysia's economy. Prime Minister Datuk Seri Najib Razak announced this commitment, highlighting it as the initial step in attracting significant foreign investment.
Job Creation Potential

The establishment of CREC's regional centre is projected to generate thousands of employment opportunities for Malaysians. Cai Ze Min, CREC's general manager, indicated that the number of jobs could potentially reach 10,000, underscoring the project's impact on local employment.
Joint Venture and Project Scope

CREC, in partnership with IWH, previously acquired a 60 per cent stake in Bandar Malaysia from 1Malaysia Development Berhad (1MDB) for RM7.41 billion. This development is envisioned as Malaysia's inaugural integrated transit-oriented, mixed-use cluster. Its strategic location, just 7km from the Kuala Lumpur city centre, positions it as a crucial gateway for the high-speed rail line to Singapore and a central transportation hub.

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What is the projected Gross Development Value of Bandar Malaysia?

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