Qatar to invest $5b in Malaysia projects

Pengerang Integrated PetroleumQatar’s sovereign fund has said it will invest $5 billion into petrochemical projects in Malaysia in the next three to four years.

The attention of the Qatari state fund has been attracted by the Pengerang Integrated Petroleum Complex in the southern Malaysian state of Johor that is expected to help Malaysia compete with neighbouring Singapore to become the region’s top petrochemical hub.

“We are in discussions about this. We may invest up to $5 billion in the next three to four years into petrochemical projects in Pengerang,” said Qatar Holding vice-chairman Hussain Ali Al Abdulla at a press conference in Kuala Lumpur on January 29.

“Qatar Holding’s total investment exposure to Malaysia will eventually exceed $10 billion in various sectors,” he added according to a Reuters report.

Pengerang is expected to accumulate $55.84 billion in investments by the time it begins operations in 2016. The complex includes the Petronas Refinery and Petrochemicals (RAPID) project.



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Qatar's sovereign fund has said it will invest $5 billion into petrochemical projects in Malaysia in the next three to four years. The attention of the Qatari state fund has been attracted by the Pengerang Integrated Petroleum Complex in the southern Malaysian state of Johor that is expected to help Malaysia compete with neighbouring Singapore to become the region's top petrochemical hub. "We are in discussions about this. We may invest up to $5 billion in the next three to four years into petrochemical projects in Pengerang," said Qatar Holding vice-chairman Hussain Ali Al Abdulla at a press conference in...

Pengerang Integrated PetroleumQatar’s sovereign fund has said it will invest $5 billion into petrochemical projects in Malaysia in the next three to four years.

The attention of the Qatari state fund has been attracted by the Pengerang Integrated Petroleum Complex in the southern Malaysian state of Johor that is expected to help Malaysia compete with neighbouring Singapore to become the region’s top petrochemical hub.

“We are in discussions about this. We may invest up to $5 billion in the next three to four years into petrochemical projects in Pengerang,” said Qatar Holding vice-chairman Hussain Ali Al Abdulla at a press conference in Kuala Lumpur on January 29.

“Qatar Holding’s total investment exposure to Malaysia will eventually exceed $10 billion in various sectors,” he added according to a Reuters report.

Pengerang is expected to accumulate $55.84 billion in investments by the time it begins operations in 2016. The complex includes the Petronas Refinery and Petrochemicals (RAPID) project.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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1 COMMENT

  1. Qatar already owns one of the largest Malls in KL (Pavilion) and is planning on opening the first ever Harrods hotel in the city. Additionally Katara are eyeing opportunities in the country – both potential city hotels and resorts – through their stake in Fairmont.

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