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Abu-Dhabi authorities plan to invest $1.8 billion in Malaysian properties
Abu-Dhabi authorities plan to invest $1.8 billion in Malaysian properties
May 24, 2009A state developer company Mubadala Development Co will invest about $1.8 billion in hotels and villas of Malaysia.
The project will be realized on a 1.2-thousand-square-kilometer large land plot, in Terengganu state, located on the eastern coast of the state, reports. The project implementation period works out seven years.
The overall cost of Mubadala’s assets amounts to $10 billion, a $600-million-worth project in Malaysian state Johor is also included in this sum.
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