Kuala Lumpur International Outlets (KLIO)

Horizon Outlet Shoppes Sdn Bhd has agreed to purchase 16.19 hectares of land from Malaysian conglomerate Sime Darby Property Bhd to build the Kuala Lumpur International Outlets (KLIO). Horizon Outlet Shoppes is a joint venture between US-based Horizon Group Properties and Mainstay Holdings Sdn Bhd, a local property and construction firm. KLIO, at a cost of over RM400 million, will offer shoppers 400,000 square feet (about 37,161 square metres) of luxury oriented retail outlets in an elegant setting, it said in a statement Friday. Horizon Group’s International Leasing Director Greg Clarke said he fully expects KLIO to be one of the most popular and groundbreaking among any outlet centres in the world.