QATAR MAY IN­VEST IN MALAYSIA

Qatar Today - - BUSINESS > REALITY CHECK -

Malaysian Prime Min­is­ter Na­jib Razak says Qatar and China have ex­pressed an in­ter­est in the as­sets of debt-laden state fund 1Malaysia De­vel­op­ment Ber­had (1MDB), which is seek­ing to off­load as­sets parked un­der its power unit Edra Global Energy Bhd, and sell de­vel­op­men­tal rights in its high-pro­file prop­erty projects. Ac­cord­ing to Na­jib, HH the Emir Sheikh Tamim bin Ha­mad Al Thani had in­di­cated that the Qatar In­vest­ment Au­thor­ity was keen to view 1MDB as­sets and pur­chase land in its Ban­dar Malaysia pro­ject.

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