Abu Dhabi Investment Authority keen to explore more opportunities in Malaysia
13 Jan 2025
The Abu Dhabi Investment Authority (ADIA) has expressed keen interest in further exploring investment opportunities in Malaysia.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said this was conveyed to him and Prime Minister Datuk Seri Anwar Ibrahim in their meeting with the company’s senior leadership in Abu Dhabi today.
Zafrul said the discussion involved ADIA managing director Sheikh Hamed bin Zayed Al Nahyan and other management figures such as Khalil Foulathi and Mohamed Al Ameri.
Tengku Zafrul described ADIA as one of the world’s biggest sovereign wealth funds with assets valued at more than US$1 trillion.
He said the meeting opened the door for the strengthening of strategic investment cooperation between Malaysia and the UAE.
AIDA, he said, played a key role in sectors such as infrastructure, healthcare, energy and more globally.
Its international investments include airports in the United Kingdom and France, the Khalifa Port in the UAE, logistics facilities infrastructure projects in India, and energy in the United States.
“In Malaysia, its commitment is exemplified via investments in line with the New Industrial Master Plan 2030 (NIMP 2030) and Madani Economy framework.
“Among its key contributions are its cooperation with Global Infrastructure Partners (GIP) to privatise Malaysia Airports Bhd (MAHB), plus other major infrastructure projects which support national development,” he said.
He said that during the discussion, ADIA, a longtime investor in Malaysia, gave its commitment to elevate and focus on creating greater value to ensure the success of its investments in Malaysia, including MAHB’s transformation.
This, said Tengku Zafrul, demonstrated confidence in the government’s policies which are investor-friendly and can benefit the people in the long-term.
“Through these strategic ties, we will continue to ensure that Malaysia remains a major destination for high quality investments, thus strengthening economic competitiveness, create new job opportunities and spur economic development.
Anwar is currently on a three-day official visit to Abu Dhabi.
Earlier today, he held one-on-one business meetings with leaders from the UAE’s largest sovereign wealth fund companies.
These included ADIA’s Sheikh Hameed bin Zayed Al Nahyan, Khaldoon Al Mubarak, managing director and chief executive officer of state-owned Mubadala Investment Company, and Mohamed Jameel Al Ramahi, chief executive officer of UAE energy giant Abu Dhabi Future Energy Co PJSC (Masdar), a subsidiary of Mubadala.
Source: NST
