1Malaysia Development Berhad (1MDB) is a Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). 1MDB was established to drive strategic initiatives for long-term economic development for the country by forging global partnerships and promoting foreign direct investment. 1MDB focuses on strategic development projects in the areas of energy, real estate, tourism and agribusiness. 1MDB is currently involved in several high-profile projects such as the Tun Razak Exchange, Tun Razak Exchange's sister project Bandar Malaysia, and the acquisition of three independent power producers. - Source: Wikipedia
Related Stories
