Malaysia, Abu Dhabi jointly raise $3b

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Malaysia_Abu_Dhabi
Malaysia’s Prime Minister Najib Razak and Abu Dhabi’s Crown Prince Mohammed bin Zayed Al Nahyan

Malaysia’s state-owned project company 1Malaysia Development Bhd (1MDB) and its Abu Dhabi partner Aabar Investments have raised $3 billion through private placements to invest in projects in the fields of energy and strategic real estate.

Raised through a 50:50 joint venture company called Abu Dhabi Malaysia Investment Company, the money will be used to fund the operations of around $6 billion worth of economic projects, 1MDB said in a statement.

“This success underlines investor appetite and confidence in the Malaysia-Abu Dhabi partnership as well as in Malaysia as a sustainable growth centre enjoying peace, stability and good governance,” 1MDB Chief Executive Officer Mohd Hazem Abd Rahman said in a statement.

The capital flow is an integral part of the government-to-government collaboration between Malaysia and Abu Dhabi on a strategic partnership sealed on March 12, 2013.

1MDB’s Tun Razak Exchange, a planned financial hub in Malaysia’s capital Kuala Lumpur, could be Abu Dhabi Malaysia Investment’s first investment, 1MDB said.

 

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Reading Time: 1 minute

Malaysia’s Prime Minister Najib Razak and Abu Dhabi’s Crown Prince Mohammed bin Zayed Al Nahyan

Malaysia’s state-owned project company 1Malaysia Development Bhd (1MDB) and its Abu Dhabi partner Aabar Investments have raised $3 billion through private placements to invest in projects in the fields of energy and strategic real estate.

Reading Time: 1 minute

Malaysia_Abu_Dhabi
Malaysia’s Prime Minister Najib Razak and Abu Dhabi’s Crown Prince Mohammed bin Zayed Al Nahyan

Malaysia’s state-owned project company 1Malaysia Development Bhd (1MDB) and its Abu Dhabi partner Aabar Investments have raised $3 billion through private placements to invest in projects in the fields of energy and strategic real estate.

Raised through a 50:50 joint venture company called Abu Dhabi Malaysia Investment Company, the money will be used to fund the operations of around $6 billion worth of economic projects, 1MDB said in a statement.

“This success underlines investor appetite and confidence in the Malaysia-Abu Dhabi partnership as well as in Malaysia as a sustainable growth centre enjoying peace, stability and good governance,” 1MDB Chief Executive Officer Mohd Hazem Abd Rahman said in a statement.

The capital flow is an integral part of the government-to-government collaboration between Malaysia and Abu Dhabi on a strategic partnership sealed on March 12, 2013.

1MDB’s Tun Razak Exchange, a planned financial hub in Malaysia’s capital Kuala Lumpur, could be Abu Dhabi Malaysia Investment’s first investment, 1MDB said.

 

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