news

1MDB developing a digital master plan for KLIFD

KUALA LUMPUR (Dec 19): 1Malaysia Development Bhd (1MDB), a strategic development company wholly-owned by the Government of Malaysia, is developing a digital master plan for a digitally smart Kuala Lumpur International Financial District (KLIFD).

1MDB Real Estate Sdn Bhd deputy CEO Datuk Azmar Talib said: "We aim for KLIFD to be a leading financial district with state-of-the-art connectivity, utilising technologies that are smart, intelligent and future proof."

The blueprint will be used to build solutions that embrace sustainability and connectivity through new Internet technologies and infrastructure services.

According to a statement released by 1MDB on Monday, KLIFD is currently at the master planning phase and is on track to start construction beginning of next year. The 75-acre development in the Imbi area fronting Jalan Tun Razak aims to bring together leading financial institutions and top global companies to create a catalytic pool of world-class players. It will leverage on Malaysia's existing strength in Islamic finance and play on its strategic location to complement other financial centres within the region.

1MDB has gathered a global team of IT experts and digital planners led by Accenture Solutions Sdn Bhd to draw up the Digital Master Plan for KLIFD.

"With their proven experience, Accenture will be able to help us identify the scale of the infrastructure and how to put it best, focusing on strategic services that work towards current and future needs. Today, nearly everything can be done electronically and remotely. But nothing can replace the human connectivity — the personal touch and personal interaction for ideas and businesses to thrive," Azmar said.

Accenture Malaysia country managing director Goh Aik Meng said: "We are honoured to have been selected as the Digital Master planner for KLIFD and to have an opportunity to contribute to this strategic program.

"Digital Services will help differentiate KLIFD as a pioneering financial district and as a place to live and work. It is a pleasure to be teaming with 1MDB on this project, and it confirms our long-term commitment to Malaysia in supporting the national development objectives of the Economic Transformation Plan."

1MDB recently appointed Akitek Jururancang (Malaysia) Sdn Bhd and its international partner Machado Silvetti and Associates as the master planners for KLIFD. 1MDB is focused on creating a fusion of local and international talents that best translates 1MDB's vision for the future financial district.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE