Arab Today, arab today chinese company banks back malaysias future high speed rail terminal project
Last Updated : GMT 04:01:56
Arab Today, arab today
Arab Today, arab today

Chinese company, banks back Malaysia's future high speed rail terminal project

Arab Today, arab today

Arab Today, arab today Chinese company, banks back Malaysia's future high speed rail terminal project

high speed rail linking
Kuala Lumpur - Xinhua

Chinese leading banks and company on Thursday express their support for a flagship project in the Malaysian capital, which will also house the terminal of the proposed high speed rail linking Kuala Lumpur and Singapore.

Bank of China, the Industrial and Commercial Bank of China and China Construction Bank will join hands with HSBC and several leading local banks to provide funding to the investors of the Bandar Malaysia project, according to a memorandum of understanding signed here Thursday.

Located about 7 km from the Kuala Lumpur city center, Bandar Malaysia will serve as a future transport, business and commercial hub for Kuala Lumpur.

China Railway Group Limited (CREC), one of China's largest state-owned companies, owns 24 percent equity of the project.

The Malaysian government, through the finance ministry, owns the majority stake of the project.

"The ministry of finance in particular is proud to partner with CREC, a major international developer that is also a Chinese state-owned company", said Malaysian Prime Minister Najib Razak, who also holds the finance minister portfolio.

"This commitment by CREC is as a clear endorsement by China of its continued confidence in the strength and resilience of the Malaysian economy," he added.

Najib pointed out that the joint venture between Malaysia and China in the Bandar Malaysia project was "another indication of the strong and vibrant relations between the two countries."

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese company banks back malaysias future high speed rail terminal project Arab Today, arab today chinese company banks back malaysias future high speed rail terminal project

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday