Malaysia, Abu Dhabi jointly raise $3b
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.
[caption id="attachment_8395" align="alignleft" width="300"] Malaysia's Prime Minister Najib Razak and Abu Dhabi's Crown Prince Mohammed bin Zayed Al Nahyan[/caption] 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...
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.
That’s a huge sum of money, that money will do a lot in economic projects.
this is a great news! Malaysia and Abu Dhabi are big countries when it comes to business.