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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah in joint venture with Boustead to set up theme park

Posted on 24 June 2009

From Thestar.com.my: Khazanah Nasional Bhd and Boustead Holdings Bhd yesterday entered into a joint-venture deal via their subsidiaries to invest RM50mil in the development of an indoor educational theme park based on the concept of “KidZania” in Mutiara Damansara.

The joint-venture company, Rakan Riang Sdn Bhd, which would be 80% held by Khazanah’s wholly-owned subsidiary Themed Attractions and Resorts Sdn Bhd and 20% by Boustead Group’s wholly-owned subsidiary Boustead Curve Sdn Bhd, was expected to start the construction of the KidZania theme park in August…….Full Article: Source


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