CREC plans US$2b centre in Bandar Malaysia
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Kuala Lumpur
CHINA Railway Group Ltd (CREC) will invest US$2 billion to build a regional centre in Bandar Malaysia which is expected to be followed by other multinational companies, particularly Chinese-owned, as Putrajaya seeks to squeeze the most out of its largest remaining landbanks in Kuala Lumpur.
CREC president Zhang Zongyan made the announcement in Kuala Lumpur on Monday and assured it was "just the beginning with hundreds of world class enterprises" expected to follow in the footsteps of the Fortune 500 company.
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