Kuala Lumpur strengthened its global standing in 2025, driven by regulatory reforms, investor-friendly policies, and resilient macroeconomic fundamentals. Malaysia saw a resurgence in foreign direct investment, while the city climbed from 51st to 45th in the Global Financial Centres Index, signalling renewed investor confidence and competitiveness.
At the heart of this momentum is Tun Razak Exchange (TRX), Malaysia’s International Financial Centre. TRX leverages Malaysia’s #1 ranking under the “Prices” factor in the IMD World Competitiveness Ranking 2025, reflecting a structurally efficient and stable cost environment. This operating efficiency and predictability underpin Kuala Lumpur’s appeal as a long-term business and financial destination, enabling global firms to allocate capital with confidence. Purpose-built to anchor high-value economic activity, TRX offers IFC-grade infrastructure and a high service-level ecosystem, positioning Kuala Lumpur as a competitive player in the region.
Spanning 70 acres with a gross development value of RM40 billion, TRX hosts over 120 international and local firms, employing more than 20,000 professionals, a number set to grow as new developments come online. Guided by five core pillars-World-class City, Infrastructure, Talent, Catalytic Environment, and Hub of Convergence-the district integrates urban design, transport connectivity, talent pipelines, and policy facilitation, creating a robust foundation for Kuala Lumpur’s regional financial ambitions.
TRX’s landmark assets, including The Exchange 106, Menara Prudential, Menara IQ, Menara Affin, and the 10-acre City Park, collectively drive strong occupancy and tenant diversity. The district has reached 80% occupancy by net lettable area, with Exchange 106 housing 90% international firms, while the district overall has attracted over RM8 billion in private investment. Strategic developments such as Monash University Malaysia’s Global City Campus and PwC Malaysia’s headquarters further reinforce TRX’s role as a talent and knowledge hub, supporting both innovation and workforce development.
Connectivity and ecosystem collaboration underpin TRX’s success. As a key interchange for MRT Putrajaya and Kajang lines, the district serves 50,000 weekday passengers and links seamlessly to highways and pedestrian networks. Partnerships with Bank Negara, Labuan IBFC, Securities Commission, MIDA, and Asia School of Business enhance the city’s influence across ASEAN, while policy dialogues, academic institutions, and international delegations strengthen its global connectivity.
ESG principles are embedded at the core of TRX’s development, aligned with UN Sustainable Development Goals and international green finance standards. Achievements include LEED and GBI certifications, rooftop solar generating 190 MWh annually, low-carbon mobility, smart energy systems, and WELL Certification focusing on occupant health and well-being. TRX’s people-centric approach ensures sustainability extends beyond buildings to create a healthy, productive, and resilient urban environment.
Looking ahead, TRX is shaping a comprehensive financial ecosystem anchored on talent, business growth, innovation, and ESG. By 2035, the district is projected to attract RM12 billion in additional private investment, cementing Kuala Lumpur’s position as a leading financial and business hub in Asia while setting a benchmark for sustainable and forward-looking urban development.
Originally published by The Edge.