Regions :: Middle East
Qatar to invest $5 billion in Malaysia petchem complex, report says
8:09 AM MST | January 29, 2013 | Francinia Protti-Alvarez
Qatar Holding (Doha), the country’s sovereign wealth fund, is planning a $5-billion investment in Malaysia’s petrochemical sector, Free Malaysia Today reports. The sum would be half of what Qatar Holding plans to invest in Malaysia as a whole, the report adds. The $5-billion investment would be destined for the Pengerang Integrated Petroleum complex—at Pengerang, in the southern state of Johor—which is expected to be onstream in 2016, the report says. Pengerang is also the site of Petronas's refinery and petrochemical integrated...
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