| 01.10.2009 - Malaysia, Saudi Arabia form US$2.5bln joint venture |
| 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 |