KL International Financial District master plan to be ready by 1Q 2012

KUALA LUMPUR: A detailed master plan of the Kuala Lumpur International Financial District (KLIFD) is scheduled to be completed in the first quarter of 2012.

1Malaysia Development Bhd (1MDB) said it had chosen Akitek Jururancang (Malaysia) Sdn Bhd and its international partner Machado Silvetti and Associates as the master planners for the KLFID project.

In a statement on Thursday, Aug 4, the company — the master developer for KLIFD — said the two companies selected represented a fusion of local and international talents that best translated 1MDB's vision for the future financial district through their concept and rendering of the master plan.

In late 2010, 1MDB organised a design competition for master planners, attracting some of the world's best.

The 30 hectare 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. — Bernama