atans1

IskandarLand: Arabs not keen

In Malaysia on 02/07/2010 at 5:39 am

Much of the early effort was focused on attracting investors from the Middle East, especially for the Medini financial hub, where major investors include Mubadala Development, the Abu Dhabi government investment company; Aldar Properties, an Abu Dhabi real estate developer; and Kuwait Finance House, a Kuwaiti bank.

But after Damac Properties, one of the biggest real estate developers in Dubai, pulled out of Puteri Harbor, a waterfront and marina project in Nusajaya, Iskandar Investment changed tacks [sic]. NYT article

Glad that TLC and GLCs are not investing here then, if Arabs refuse to invest why shld we? Temasek has a j/v with Khanazah to do something but it is early days yet.

This is the only significant S’porean investment.

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