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Wednesday, March 11, 2009

ESP28. Investments by Khazanah Nasional Berhad

  • investment fund increased by RM10B
  • invested over 2 year
  • priority given to domestic investments with high multiplier effects and create job opportunities sector
    • telecommunication, technology, tourism, agriculture, life science and Iskandar Malaysia
  • 2009
    • invest RM3B in telecommunication sector
      • facilitate its subsidiary to improve broadband infrastructure
    • invest RM1.7B to intensify development of Iskandar Malaysia
      • for building of infrastructure, hotels,theme parks and universities
  • Agricultural projects include
    • 1,000 hectare prawn aquaculture project in Setiu, Terengganu
    • 200 hectare modern vegetable-farming project in Cameron Highlands
  • By 2011 expected to create 70,000 job opportunity

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