Mubadala denies reports about investments in Malaysia

Mubadala Development Co, the investment arm of the Abu Dhabi government denied media reports about its plan to invest $1.8 billion (Dh6.6 billion) in property projects in Malaysia.

"Beyond the Medini Project in the Iskandar Development Region, we currently have no other real estate projects in Malaysia," the company said in a statement to Gulf News.

Mubadala however, clarified that they are not closing their doors to "partnerships and real estate opportunities globally that generate sustainable returns which may include future projects in Malaysia".

Related articles by Zemanta

• SWFs: Not So Big and Scary Anymore (blogs.wsj.com)