Tun Razak Exchange a game changer, says Nor Mohamed
KUALA LUMPUR: The Tun Razak Exchange (TRX) is a "game changer" that will provide a new economic structure to Malaysia's economic landscape in the eyes of the world, says Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop.
The exchange, Kuala Lumpur's new financial district, launched by Prime Minister Datuk Seri Najib Tun Razak on Monday, can also be regarded as an "iconic project" that would generate investments from within and foreign.
"The ambitious project will help realise our cherished vision to emerge as a developed nation in 2020.
"An advanced nation must have a service sector that is not only hi-tech, but also offer services with a high added-value," he told Bernama after breaking fast with the Malaysian National News Agency's staff at Wisma Bernama last night.
The 28-hectare Tun Razak Exchange, previously known as the "Kuala Lumpur International Financial District, will be developed by 1Malaysia Development Bhd in collaboration with Abu Dhabi-based Mubadala Development Corp. -- BERNAMA