United Arab Emirates and Malaysia Strengthen Energy Investment Ties
The gulf countries are augmenting their economic clout in Southeast Asia by providing capital and energy expertise. Oil storage facilities are of mounting importance in the region. The race of having more oil storage capacity is tightening up between Singapore and Malaysia. With cheaper land and less regulations, Malaysia is attempting to outflank Singapore’s Jurong Island to be the tank storage leader in the region. Jurong Island is a strategic petrochemical hub; land reclamation efforts ensured demand has been met.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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