KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD)

If you have heard of KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD) yet not sure what is it about, below is a summary of the KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD) .

This is one of the early entry point projects under Malaysia’s Economic Transformation Programme (ETP), national roadmap to more than double Malaysia’s per capita income to RM48k in 2020, while propelling the nation to a high-income economy. This RM26 bil project, which will house a physical clustering of the right mix of key international institutions and support services, is estimated to grow to 3 times its current size by 2020. The Kuala Lumpur International Financial District (KLIFD) is a key to strengthen the position of Kuala Lumpur as the global financial city of choice.

The master planner Machado and Silvetti Associates and the Malaysian partner, Akitek Jururancang (M) Sdn. Bhd. are the master planners for KLIFD. With the land size of 28.3 hectare, this project will spearhead a greener Greater KL with green spaces, sustainable buildings, limited motor vehicle usage, large tranquil parks coupled with rooftop gardens and solid waste management eco-system.

KLIFD is with the aim to make sure the green areas are highly functional, encourage the creation of community, making public spaces viable and adopt the top waste management system.

The preliminary work will start on 1^st July, and in operation in 2016.

Location

Located in the heart of KL, KLIFD lies at the city’s southern tip. It sits in between Jalan Tun Razak, Jalan Sultan Ismail and the Putrajaya elevated highway. KLIFD will expand the city’s business centre and touist belt, from the Kuala Lumpur City Centre (KLCC), the Pavilion Retail Centre to Bintang Walk.

To accelerate the development of KLIFD, the Government proposes the following incentive package:

• Income tax exemption of 100% for a period of 10 years for KLIFD  status companies;
• stamp duty exemption  on  loan  and  service  agreements  for KLIFD  status companies;
• Industrial Building Allowance and Accelerated Capital Allowance for KLIFD Marquee Status Companies; and
• Income tax exemption of 70% for a period of 5 years for property developers in KLIFD.

KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD)



KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD)



KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD)



KUALA LUMPUR INTERNATIONAL FINANCIAL DISTRCIT (KLIFD)