Large Brunei investment in Kuala Lumpur

According to The Star, “The Brunei Investment Agency, which is the financial and investment arm of the oil-rich sultanate, will take up a big stake in the construction of a five-star hotel in Kuala Lumpur’s Golden Triangle. The agency was also eyeing Johor, Sabah and Sarawak for investment opportunities following talks between Prime Minister Datuk Seri Najib Tun Razak and Sultan Hassanal Bolkiah. Najib said yesterday Brunei’s decision to continue to invest heavily in Malaysia was important as it reflected the confidence that the sultanate had in Malaysia.”

read more: The Star

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