(MENAFN) With the ultimate goal of growing more in the Southeast Asian market, China Railway Group Limited (CREC) has revealed a substantial USD2 billion investment in Malaysia.
The key state-owned firm will use the money to construct an integrated office complex as its regional headquarter in Bandar Malaysia, a future transport and commercial hub for Kuala Lumpur.
In accordance, the declaration came three months after CREC's fruitful bid with its Malaysian joint-venture partner in December to obtain 60 percent of the equity in the Bandar Malaysia scheme.
"In the past, we were contractor, so this project is of much significance for us in the sense that we partner with local companies to invest and to build this transport and commercial hub," said a company official.
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