Malaysia, Abu Dhabi jointly raise $3b

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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[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_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.

 



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.

$
Personal Info

Donation Total: $10.00

 

 

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