ADIA Expresses Great Interest In Investing In Malaysia - Tengku Zafrul
KUALA LUMPUR, Jan 13 (Bernama) -- Abu Dhabi Investment Authority (ADIA), one of the world's largest wealth funds with assets exceeding US$1 trillion, has expressed a keen interest in investment opportunities in Malaysia, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said ADIA's wishes were shared by managing director Sheikh Hamed Zayed Al Nahyan and other leaders such as Khalil Foulathi and Mohamed Al Ameri at a meeting with Prime Minister Datuk Seri Anwar Ibrahim in Abu Dhabi during a three-day working visit to the United Arab Emirates (UAE).
“This meeting in Abu Dhabi opens up space to strengthen strategic investment cooperation between Malaysia and the UAE,” he said through a post on Instagram on Monday.
Tengku Zafrul said that as a high-impact global investor, ADIA plays an important role in the infrastructure, health, energy and many other sectors globally.
Among its major investments internationally are airports in the United Kingdom and France, Khalifa Port in the UAE, as well as logistics infrastructure projects in India and energy projects in the United States.
In Malaysia, ADIA's commitment is evident through investments in line with the New Industrial Master Plan 2030 (NIMP 2030) and the MADANI Economy framework.
Its important contributions include collaboration with Global Infrastructure Partners (GIP) in the privatisation of Malaysia Airports Holdings Bhd (MAHB), in addition to investment in key infrastructure projects that support the country's sustainable growth.
"In the discussion, ADIA, which has been investing in Malaysia for a long time, gave its commitment to continue to improve and focus primarily on creating greater value to ensure the success of investments in Malaysia in various sectors including the transformation of MAHB," he said.
This clearly shows confidence in the government's investor-friendly policies that will benefit the people in the long term, he said.
According to the minister, through this strategic relationship, the government is committed to ensuring that Malaysia remains a prime destination for high-quality investments, while strengthening economic competitiveness, creating new job opportunities, and accelerating the country's economic development.
-- BERNAMA