By Farah Wahida:
Banking on Malaysia’s strong appeal for Gulf countries, Abu Dhabi has inked a number of agreements to invest in multiple projects here, expected to generate a gross development value of US$8.25 billion (RM26 billion), according to media reports.
The projects, which range from property development to the construction of petroleum storage facility, attest to Malaysia’s popularity among Gulf governments who share the same Islamic roots.
Earlier, government-based agency Qatar Investment Authority has also pledged to invest in the country.
Meanwhile, the recent agreements see Abu Dhabi developing a RM21billion strategic petroleum reserve facility in Johor, which can store 60 million barrels of petroleum and crude oil for the sole use of Abu Dhabi.
Meanwhile, Abu Dhabi’s strategic investment arm Aabar Investments PJS plans to work with 1Malaysia Development Bhd to develop a financial centre in Kuala Lumpur. This makes Aabar Investments the first major anchor investor of the government’s proposed financial hub.
Banking on Malaysia’s strong appeal for Gulf countries, Abu Dhabi has inked a number of agreements to invest in multiple projects here, expected to generate a gross development value of US$8.25 billion (RM26 billion), according to media reports.
The projects, which range from property development to the construction of petroleum storage facility, attest to Malaysia’s popularity among Gulf governments who share the same Islamic roots.
Earlier, government-based agency Qatar Investment Authority has also pledged to invest in the country.
Meanwhile, the recent agreements see Abu Dhabi developing a RM21billion strategic petroleum reserve facility in Johor, which can store 60 million barrels of petroleum and crude oil for the sole use of Abu Dhabi.
Meanwhile, Abu Dhabi’s strategic investment arm Aabar Investments PJS plans to work with 1Malaysia Development Bhd to develop a financial centre in Kuala Lumpur. This makes Aabar Investments the first major anchor investor of the government’s proposed financial hub.
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