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

Abu Dhabi Mulls US$1 bln Investment In Malaysia

Posted on 21 July 2009

From Bernama: Prime Minister Datuk Seri Najib Tun Razak has announced a major initiative by the Abu Dhabi government whereby a sovereign wealth fund it wholly owns is set to make a US$1 billion investment in Malaysia in the energy, real estate and hospitality sectors.

Najib said the proposed investment would be carried out in partnership with a new Malaysian sovereign wealth fund to be known as “1Malaysia Development Berhad” (1MDB), which is the result of the government’s decision to expand the Terengganu Investment Authority (TIA)……..Full Article: Source


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