Malaysian sovereign wealth fund forms $2.5bn joint venture with Saudi investment firm

14 Oct 2009

Malaysian sovereign wealth fund 1Malaysia Development Berhad has teamed up with Saudi investment company PetroSaudi International to set up a $2.5bn joint-venture company Saudi investment company. The joint venture aims to increase the flow of foreign direct investments from the Middle East and to invest in projects within the country. The venture is the first undertaken by PSI in the region.

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