Qatar Investment Authority to invest US$5bil in Malaysia


PUTRAJAYA: 1Malaysia Development Bhd (1MDB) and Qatar Investment Authority (QIA) have signed a MOU to capitalise on opportunities in the energy and real estate sector in the Klang Valley that would be worth billions of ringgit.

A joint committee would be established between 1MDB and QIA to assess the viability of energy and real estate opportunities along with other investments with the QIA proposing to invest US$5bil.

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