ADIA plans to enhance investments, aiming to generate more value in its ventures in Malaysia

One of the world’s greatest wealth funds, with assets estimated to exceed US$1 trillion, the Abu Dhabi Investment Authority (ADIA) is dedicated to continued investment in Malaysia.

Tengku Datuk Seri Zafrul Abdul Aziz, the Minister of Investment, Trade and Industry, stated that ADIA, which has been investing in Malaysia for an extended period, is also committed to generating greater value to guarantee the success of investments in Malaysia across a variety of sectors, including the transformation of Malaysia Airports Holdings Bhd. (MAHB).

“ADIA is a high-impact global investor that has a significant impact on a variety of sectors, including energy, health, and infrastructure, on a global scale.”

“It’s major investments at the international level include airports in the United Kingdom and France, Khalifa Port in the United Arab Emirates (UAE), as well as logistics infrastructure projects in India and energy projects in the United States,” he indicated in a statement issued here on Monday.

Tengku Zafrul accompanied Prime Minister Datuk Seri Anwar Ibrahim on a three-day working visit to the UAE, during which they convened a meeting with the senior leadership of ADIA, which is headquartered in Abu Dhabi.

He stated that the meeting in Abu Dhabi paved the way for the enhancement of strategic investment cooperation between Malaysia and the UAE.

“During this meeting, we discussed with Sheikh Hamed Zayed Al Nahyan, the managing director of ADIA, as well as other leaders such as Khalil Foulathi and Mohamed Al Ameri, who expressed a deep interest in investment opportunities in Malaysia,” said the representative.

He stated that ADIA’s dedication to Malaysia is demonstrated by its investments that are consistent with the MADANI Economy framework and the New Industrial Master Plan 2030 (NIMP 2030).

“It’s important contributions include a collaboration with Global Infrastructure Partners (GIP) in MAHB’s privatization efforts, in addition to investing in major infrastructure projects that support the nation’s sustainable growth,” said the executive.

Tengku Zafrul stated that this demonstrates a high level of confidence in the government’s investor-friendly policies, which will ultimately benefit the populace.

“Through this strategic relationship, we continue to ensure that Malaysia remains a prime destination for high-quality investment while strengthening economic competitiveness, creating new job opportunities, and boosting the country’s economic development,” said the president.

In addition to ADIA, the prime minister and Tengku Zafrul also met with two other sovereign wealth funds in the UAE: Masdar and Mubadala. – Bernama