Kuala Lumpur International Financial District Gives Incentives

The Kuala Lumpur International Financial District (KLIFD) is a joint development project to strengthen and centralize Kuala Lumpur’s finance hub.  The KLIFD also wants to be a destination for the Islamic finance industry.  Kuala Lumpur has over 1.6 million people and Bursa Malaysia is based in the city.

The US$ 8 billion (RM 25.07 Billion) project is being jointly developed by the Mubadala Development Company and 1Malaysia Development Bhd (1MDB).  Mubadala sees a lot of investment potential in Southeast Asia.  The Malaysian government is backing this initiative.  One huge incentive to compete with Hong Kong and Singapore is a 100% income tax exemption for a 10-year period for KLIFD-status company.

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