Black Capital’s sister company Inside Investor signs two MOUs with Malaysian Government to seek for Arab investors.

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Picture –  From left to right:

- Datuk Jalilah Baba, CEO – MIDA -Malaysian Investment Development Authority
- H.E. Sultan bin Saeed Al Mansoori, Minister for Economy, UAE
- The Hon. Dato’ Sri Haji Mohd Najib bin Tun Haji Abdul Razak, Prime Minister of Malaysia
- The Hon. Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry
- Kamran Saddique, Black Capital’s Middle East Partner.

Malaysia can look forward to more investments from the Gulf Cooperation Council (GCC), following the signing of a number of business deals in conjunction with the Invest Malaysia 2011 Forum in Abu Dhabi yesterday.

Following on the heels of the Framework Agreement on Economic, Commercial, Investment & Technical Cooperation signed between Malaysia and GCC, Malaysian companies and government agencies have also signed agreements with companies in GCC.

Tanjung Manis Food & Industrial Park Sdn Bhd (TMFIP), which is overseeing the development of the 77,000- hectare Tanjung Manis Hahal Hub (TMHH), in Sarawak, signed three memorandums of understanding (MOUs) that would attract over multi billion ringgit investments into the hub.

The first MOU was signed between TMFIP and Black Capital’s partner Mr. Kamran Saddique  to facilitate investments from the GCC into the halal park.

The second was with Borneo Agriculture (New York) to set up a US$500 million (RM1.52 billion) fund from GCC to invest in the halal hub.

The third was with Perigon Advisory W.L.L. to set up a RM3 billion Islamic countries’ Food & Agriculture Fund.

The Malaysian Investment Development Authority (MIDA) sealed an MOU  with Black Capital’s partner  mr. Kamran Saddique to promote investment between the Middle East & Malaysia while Malaysia’s National Aerospace & Industries signed an agreement with Mubadala Aerospace to identify business opportunities in the aerospace industry.

Hiraku TV, a Malaysian media technology solutions company, inked an MOU with UAE-based Tasweek to attract potential investors from the Middle-East in television content.

Prime Minister Dato’ Seri Najib Tun Razak and Abu Dhabi Crown Prince Sheikh Mohammed Zayed Al Nahyan both witnessed the MOU signings.With the strengthening of economic ties, Sheikh Mohammed expects bilateral investment between Malaysia and UAE to expand 4 to 5-folds over the next 3 to 5 years.

 

 

http://www.mida.gov.my/

 

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