30/09/2009
KUALA LUMPUR, Sept 30
Malaysia's government and Saudi Arabia's PetroSaudi International have set up a fund to invest in Malaysia and other coutries and Malaysia is to sell $1 billion in bonds to finance its share of the deal, Prime Minister Najib Razak told reporters on Wednesday. He said the Petrosaudi investment of $1.5 billion had already arrived in Malaysia, according to the central bank and that the deal was the first of several to be struck with "capital surplus" countries.
Petroleum, oil and gas, renewable energy and property would be investment targets, Najib said, reports Reuters.
