14 May 2010

Qatar to invest US$5 billion in Malaysia

Qatar to invest US$5b in Malaysia

Published: 2010/05/14




THE Qatar Investment Authority (QIA) has proposed to invest US$5 billion or about RM16 billion in Malaysia.

A memorandum of understanding (MoU) between the QIA and 1Malaysia Development Bhd (1MDB) was signed today.

The MOU provides a framework for facilitating investment cooperation between the two entities to explore, evaluate and implement investment opportunities in Malaysia.

"It will include investing in the energy sector and a strategic real estate development in the Klang Valley," said the QIA and 1MDB is a joint statement here.

Read more: Qatar to invest US$5b in Malaysia http://www.btimes.com.my/articles/20100514191306/Article/#ixzz0nu47fgOT

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