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ABU DHABI MULLS US1 BLN INVSTMENT IN MALAYSIA.
from BERNAMA, The Malaysian National News Agency ABU DHABI, July 21 (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).
Najib was speaking to Bernama Monday night after talks with Abu Dhabi …
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