KLIFD is a Master Plan in Malaysia which was planned to elevate Kuala Lumpur to Asia’s financial center. KLIFD, a joint property development between 1 Malaysia Development Berhad (1MDB) and the Mubadala Develoment Company, covers a 34 hectare plot of land near Jalan Tun Razak, which is south of the central business district and close to the main city center district of Kuala Lumpur. KLIFD was planned as a green, high-tech, new home for the core institutions of the Malaysian and international financial systems, as well as the regional center for Islamic banking.
KLIFD is the key to the Malaysian government’s economic transformation program and is within Greater Kuala Lumpur – one of eight National Key Results Areas (NKRAs). With a gross development value of over US $ 8 billion, KLIFD will locate financial specialists, key regulators and institutions, major banks, and professional service firms in a tight strategic cluster. With a focus on banking and finance, KLIFD provides office space, linked with the latest networking and communications technology. It is co-located with premium retailing and entertainment, luxury hotels and condominiums surrounding a large green public park, with a gross area of 2 million square meters.