Prime Minister Datuk Seri Najib Tun Razak launched the first Four Seasons Place in South East Asia, a RM2.5 billion worth development by Venus Assets Sdn Bhd, as reported by BERNAMA.

Chairman of Venus Assets Sdn Bhd, Tan Sri Syed Yusof said that the development, which encompasses a 1.5 million square-feet area, is expected to be completed in four years and would create various job opportunities.

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, witnessed the launch.

Najib said that the project along with many other similar projects reflected investors’ recognition of the underlying strength in the Malaysian economy.

The 65-storey integrated development project consists of over 300,000 square feet of luxury retail space, with over 231 hotel rooms as well as hotel service apartments and residences ranging from 1,300 to 12,000 square feet in size per unit.

The Four Seasons Place and Four Seasons Hotel Kuala Lumpur will be managed by Four Seasons Hotel and Resort.