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TRX
 
TRX is the acronym for Tun Razak Exchange international financial district. It was formerly known as KLIFD or Kuala Lumpur International Financial District. According to its brochure, TRX is "a landmark, mixed-use development in the heart of Kuala Lumpur (that) will encompass a new international financial district underpinned by a world-class

o    commercial
o    residential
o    hospitality
o    retail
o    leisure and
o    cultural    

offering"
.

TRX is spread over 70 acres of freehold land. It has an estimated gross development value of RM26 billion. The master developer of TRX is 1MDB Real Estate. A major station of the
KVMRT Klang Valley Mass Rapid Transit, MRT-TRX, will be situated here.

Among the entities that have inked the deal to set up in TRX include

o    Landlease (global property and infrastructure group) - to develop Lifestyle Quarter
o    Mulia Group (Indonesia) - to develop the Signature Tower plot
o    Lembaga Tabung Haji - to develop a residential plot
o    Veolia Water Technologies SEA - to construct a water recycling and treatment plant
o    Affin Bank - to build a commercial tower.




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