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KEO to work on $8bn Malaysia financial hub
KEO International Consultants has been selected to work on the masterplan for the $8 billion Kuala Lumpur International Financial District (KLIFD) in Malaysia.
Overseen by master developer 1Malaysia Development Bhd, KLIFD is intended to be a green, high-tech destination for regional and international financial institutions and will act as a hub for Islamic finance.
The scheme will provide offices, retail, entertainment facilities, luxury hotels and condominiums surrounding a large public park.
As programme management consultant, KEO will deliver a detailed masterplan with a suite of urban design guidelines. It is the company’s first major project in Malaysia.
Norman Hobson, KEO’s executive programme director on the KLIFD project, added: “We hit the ground quickly and identified our major challenges and resources required for such a mega-project. KEO has a highly skilled team located in Kuala Lumpur, to get the project heading in the right direction.”
Site investigation and preliminary enabling works is currently underway. Overall completion of the first phase is expected to coincide with the opening in 2017 of a new Mass Rapid Transit (MRT) train station adjoining the site.