UAE to invest RM40.6bil in M’sia


KUALA LUMPUR: Datuk Seri Anwar Ibrahim’s two-day working visit to the United Arab Emirates (UAE) has generated some RM40.6bil of committed investments for Malaysia in sectors such as renewable energy, aerospace and logistics, says the Investment, Trade and Industry Ministry.

The investments secured included a commitment by Abu Dhabi Future Energy Company PJSC (Masdar) to invest up to RM37.8bil to develop renewable energy projects with a 10GW capacity in Malaysia.

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