Widad

Bin Zayed International targets RM100 billion FDI to Malaysia in the next few years

Retrieved on: 
Tuesday, March 30, 2021
World, Countries, Articles, Klang Valley, Kuala Lumpur, Peninsular Malaysia, Economy of Malaysia, Foreign direct investment, Widad, Malaysia

KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire) - Bin Zayed International (BZI) LLC has targeted bringing RM100 billion worth of foreign direct investment (FDI) to Malaysia in the next few years, to be delivered in phases, starting with the development of Widad@Langkasuka.

Key Points: 
  • KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire) - Bin Zayed International (BZI) LLC has targeted bringing RM100 billion worth of foreign direct investment (FDI) to Malaysia in the next few years, to be delivered in phases, starting with the development of Widad@Langkasuka.
  • In a formal letter to the Prime Minister of Malaysia, BZI expressed its strong interest to invest in Malaysia via an exclusive collaboration with Widad Business Group.
  • Starting with Widad@Langkasuka, we believe that our involvement in projects here can bring in FDI of more than RM100 billion for the next few years.
  • This strong cash flow influx can assist to provide a significant recovery boost for the Malaysian economy as well as the creation of more than 30,000 jobs," he added.

Dubai-based Bin Zayed Group inks strategic partnership with Widad Business Group to jointly develop Widad@Langkasuka in Langkawi

Retrieved on: 
Tuesday, March 30, 2021
Widad, Commanders of the Order of Loyalty to the Crown of Malaysia, Malaysian Muslims

Widad Business Group founder and group executive chairman Tan Sri Muhammad Ikmal.

Key Points: 
  • Widad Business Group founder and group executive chairman Tan Sri Muhammad Ikmal.
  • The agreement was signed by Widad Business Group executive director Dato' Dr Rizal and Bin Zayed International Group Managing Director Sheikh Midhat Kidwai, paving the way for both parties to jointly develop and construct Widad@Langkasuka.
  • BZI is part of the Bin Zayed Group of Companies, a Dubai-based conglomerate that specialises in construction and energy, trading and industry, real estate, technology and financial services.
  • Meanwhile, Widad Business Group is a wholly Bumiputera private company owned by Kedah-born Tan Sri Muhammad Ikmal Opat bin Abdullah, who is also a majority stakeholder of Bursa-listed Widad Group Berhad and Dataprep Holdings Berhad.