Bin Zayed International targets RM100 billion FDI to Malaysia in the next few years
In a formal letter to the Prime Minister of Malaysia, BZI expressed its strong interest to invest in Malaysia via an exclusive collaboration with Widad Business Group.
"After some productive meetings and further discussions, WBG and BZI are most proud and pleased to jointly inform the Prime Minister that we have agreed to form a joint venture entity in Malaysia for the specific purpose of the development project in Langkawi, Kedah, Widad@Langkasuka. We are confident that this project will become one of the iconic projects in Malaysia which will bring Langkawi global recognition and a truly iconic place that Malaysia would be proud of," said BZI Group Managing Director Sheikh Midhat Kidwai.
"Now that we have solemnized our business relationship via this joint venture, we would like to express our strong interest in acquiring or investing in more concessions and infrastructure projects. Starting with Widad@Langkasuka, we believe that our involvement in projects here can bring in FDI of more than RM100 billion for the next few years. This strong cash flow influx can assist to provide a significant recovery boost for the Malaysian economy as well as the creation of more than 30,000 jobs," he added.
Issued by: Sense Consultancy on behalf of Bin Zayed International
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Source: Bin Zayed Group
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