He said his administration's efforts in drawing in capital from the Middle East were paying off, with investors like Mubadala, Abu Dhabi's investment arm, investing in Johor's Iskandar region and helping develop the upcoming US$8 billion (RM25 billion) Kuala Lumpur International Financial District.
Read more: PM: Positive investment trend from Middle East http://www.btimes.com.my/articles/zanax/Article/#ixzz1ZF2mwnt9
Kuala Lumpur: Malaysia is seeing a positive investment trend coming from the Middle East, Prime Minister Datuk Seri Najib Razak says. "I'm picking up a very positive trend coming from that part of the world. They're asking me for projects now ... and sometimes I'm embarrassed because we're not quite ready yet," he said during a question-and-answer session at the close of the Khazanah Megatrends Forum 2011 here yesterday. He said his administration's efforts in drawing in capital from the Middle East were paying off, with investors like Mubadala, Abu Dhabi's investment arm, investing in Johor's Iskandar region and helping develop the upcoming US$8 billion (RM25 billion) Kuala Lumpur International Financial District. It is also partnering 1Malaysia Development Bhd to build a US$4.2 billion (RM13.2 billion) aluminium smelter in Sarawak. The oil-rich Abu Dhabi also has a stake in Malaysia's fifth largest banking group, RHB Capital Bhd.
Read more: PM: Positive investment trend from Middle East http://www.btimes.com.my/articles/zanax/Article/#ixzz1ZF2mwnt9
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