Malaysia witnesses $9.2b in deals

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Malaysian Prime Minister Najib Tun Abdul Razak delivers his opening statement to the WIEF
Malaysian Prime Minister Najib Tun Abdul Razak delivers his opening statement to the WIEF

Malaysian companies inked deals worth a total estimated value of $9.2 billion (RM28 billion) in Johor Bahru, Malaysia on December 4 during the first day of the World Islamic Economic Forum (WIEF). The newly minted partnerships were overseen by global leaders, heads of state and delegates from around the world, including Malaysian Prime Minister Najib Tun Abdul Razak, Deputy Minister Tharman Shanmugaratnam of Singapore and Dr Ahmad Mohamed Ali, President of the Islamic Development Bank.

Of the six major deals that were signed, one of the largest was a collaborative agreement signed between UEM Land Berhad, Iskandar Investment Berhad and Telekom Malaysia to commence the provision of communication and ICT infrastructure, and telecommunication services for the Smart and Connected Nusajaya project, part of Iskandar Investment’s developmental aspirations to pioneer a forward-thinking sustainable city in Malaysia.

Partnerships including large Malaysian companies such as NanoMalaysia Berhad and Sunway City Sendirian also came to fruition at the forum.

The three-day event, opened by Prime Minister Najib, welcomed an unexpected turn out of over 2,100 delegates, and 120 speakers from 86 countries, originally targeted at 1,500 delegates from 50 nations.

The forum was largely used as a platform to celebrate the “tipping point” of the first phase of  Iskandar Malaysia’s developmental projects in Nusajaya.

The regional city located in the west of Johor, Malaysia has now sealed its destiny as the home of a futuristic city built with smart homes and offices linked together by cutting-edge technology and powered by sustainable energy.

Iskandar Malaysia owns a fast-growing developmental region in southern Malaysia that is now the site of the first Legoland theme park in Asia, as well as the first branch campus of Marlborough College outside of the UK, the alma-mater of the Duchess of Cambridge.

The event is being sponsored by Khazanah Nasional, the Malaysian sovereign wealth fund, UEM Land Berhad and Iskandar Investment Berhad.

 

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Reading Time: 2 minutes

Malaysian Prime Minister Najib Tun Abdul Razak delivers his opening statement to the WIEF

Malaysian companies inked deals worth a total estimated value of $9.2 billion (RM28 billion) in Johor Bahru, Malaysia on December 4 during the first day of the World Islamic Economic Forum (WIEF). The newly minted partnerships were overseen by global leaders, heads of state and delegates from around the world, including Malaysian Prime Minister Najib Tun Abdul Razak, Deputy Minister Tharman Shanmugaratnam of Singapore and Dr Ahmad Mohamed Ali, President of the Islamic Development Bank.

Reading Time: 2 minutes

Malaysian Prime Minister Najib Tun Abdul Razak delivers his opening statement to the WIEF
Malaysian Prime Minister Najib Tun Abdul Razak delivers his opening statement to the WIEF

Malaysian companies inked deals worth a total estimated value of $9.2 billion (RM28 billion) in Johor Bahru, Malaysia on December 4 during the first day of the World Islamic Economic Forum (WIEF). The newly minted partnerships were overseen by global leaders, heads of state and delegates from around the world, including Malaysian Prime Minister Najib Tun Abdul Razak, Deputy Minister Tharman Shanmugaratnam of Singapore and Dr Ahmad Mohamed Ali, President of the Islamic Development Bank.

Of the six major deals that were signed, one of the largest was a collaborative agreement signed between UEM Land Berhad, Iskandar Investment Berhad and Telekom Malaysia to commence the provision of communication and ICT infrastructure, and telecommunication services for the Smart and Connected Nusajaya project, part of Iskandar Investment’s developmental aspirations to pioneer a forward-thinking sustainable city in Malaysia.

Partnerships including large Malaysian companies such as NanoMalaysia Berhad and Sunway City Sendirian also came to fruition at the forum.

The three-day event, opened by Prime Minister Najib, welcomed an unexpected turn out of over 2,100 delegates, and 120 speakers from 86 countries, originally targeted at 1,500 delegates from 50 nations.

The forum was largely used as a platform to celebrate the “tipping point” of the first phase of  Iskandar Malaysia’s developmental projects in Nusajaya.

The regional city located in the west of Johor, Malaysia has now sealed its destiny as the home of a futuristic city built with smart homes and offices linked together by cutting-edge technology and powered by sustainable energy.

Iskandar Malaysia owns a fast-growing developmental region in southern Malaysia that is now the site of the first Legoland theme park in Asia, as well as the first branch campus of Marlborough College outside of the UK, the alma-mater of the Duchess of Cambridge.

The event is being sponsored by Khazanah Nasional, the Malaysian sovereign wealth fund, UEM Land Berhad and Iskandar Investment Berhad.

 

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