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Group Managing Director Titijaya land Bhd,Tan Sri Lim Soon Peng (fourth from left) handing over the document with Managing Director China Railway Dongfang Group, Cai Zemin (three from right) on MOU between Titijaya Land Berhad and China Railway Engineering Corporation (M) Sdn. Bhd witnessed by Minister of Urban Wellbeing Housing and Local Government, Tan Sri Noh Omar (five from left). (Pix by Amirudin Sahib)
Group Managing Director Titijaya land Bhd,Tan Sri Lim Soon Peng (fourth from left) handing over the document with Managing Director China Railway Dongfang Group, Cai Zemin (three from right) on MOU between Titijaya Land Berhad and China Railway Engineering Corporation (M) Sdn. Bhd witnessed by Minister of Urban Wellbeing Housing and Local Government, Tan Sri Noh Omar (five from left). (Pix by Amirudin Sahib)

KUALA LUMPUR: China Railway Engineering Group Ltd (CREC) is setting up its US$2 billion (RM8.4 billion) regional headquarters in Bandar Malaysia, here, and cited Malaysia's "astute, thoughtful" leader as the reason behind its decision.

CREC general manager Cai Zemin told an online news portal that there are nine reasons why the company, which is listed in Shanghai and Hong Kong, decided to set up its HQ in Bandar Malaysia (which is 40 per cent owned by 1Malaysia Development Bhd – 1MDB) and Prime Minister Datuk Seri Najib Razak is one of them.

"The Malaysian leader is astute, thoughtful of the people, and dares to turn Malaysia into a developed nation," said Cai, as quoted by the portal.

The news portal said it understood Cai to be referring to Najib.

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