Qatar Investment Authority to invest US$5bil in Malaysia


PUTRAJAYA: 1Malaysia Development Bhd (1MDB) and Qatar Investment Authority (QIA) have signed a MOU to capitalise on opportunities in the energy and real estate sector in the Klang Valley that would be worth billions of ringgit.

A joint committee would be established between 1MDB and QIA to assess the viability of energy and real estate opportunities along with other investments with the QIA proposing to invest US$5bil.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

AEON Credit issues RM450mil sukuk under RM5bil programme
MR D.I.Y. plans to open 190 new stores in 2025, declares 1 sen dividend
FBM KLCI ends lower but stays above the 1,600 key level
Currencies, stocks tumble as dollar surges on Trump trade momentum
Oil prices ease on stronger greenback, fears of higher output
Wasco launches Asean’s first sustainable finance framework with US$25mil green loan
Khazanah maintains vision of investing in start-ups, says Amir Hamzah
Major Apple supplier Foxconn's Q3 profit up 14% on AI boom
All eyes on China at APEC event
Asia shares stumble; long-end US bond yields rise with dollar

Others Also Read