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Mubadala to invest $1.8bn in Malaysian venture
- United Arab Emirates: Sunday, May 24 - 2009 at 11:59
Abu Dhabi's Mubadala Development is to invest around $1.8bn in the building of hotels and villas on a 1,200-hectare site in Malaysia, as part of a joint venture. Built in the Terengganu state, the money will be invested over a period of seven years, with Malaysia's Terengganu Investment Authority buying land from the state government as part of the joint venture.
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StaffSunday, May 24 - 2009 at 11:59 UAE local time (GMT+4)
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