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Malaysia, Saudi Arabia form US$2.5bln joint venture

Posted on 01 October 2009

From Thestar.com.my: Malaysia and Saudi Arabia have entered a new era of economic cooperation with the setting up of a US$2.5bil (RM8.7bil) joint-venture company that will spearhead the flow of foreign direct investments from the Middle-East as well as make strategic investments in high-impact projects in Malaysia.

The joint-venture company is the result of a partnership between 1Malaysia Development Berhad (1MDB) and PetroSaudi International Limited (PSI)………………..Full Article: Source

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