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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Terengganu looks to the future with $2.8 bln fund

Posted on 12 December 2008

From Nst.com.my: Terengganu is setting up a RM10 billion ($2.8 bln) sovereign wealth fund to ensure its growth after its oil and gas resources are depleted. Called the Terengganu Investment Authority (TIA), the idea for the fund was mooted by Yang di-Pertuan Agong Tuanku Mizan Zainal Abidin and presented to the state and Federal Governments recently.

Tuanku Mizan, who is the sultan of Terengganu, said the state must plan for its future economic growth….. Full Article: Source


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