Malaysia Welcomes UAE Investment in Renewable Energy Projects
Key Ideas
  • Malaysia welcomes UAE companies to invest in renewable energy projects, including data centers, facilitating joint ventures with local firms.
  • Discussions with ADIA involve projects like NIMP 2030, MADANI Economy framework, JS-SEZ development, green technology, logistics, and healthcare.
  • Anwar Ibrahim appreciates ADIA's expertise, especially in potential privatisation of Malaysia Airport Holdings Bhd, essential for reorganisation.
  • Meetings also focused on LNG production, gas-related infrastructure development, blue hydrogen, CCUS, and projects in JS-SEZ for mutual benefit.
Prime Minister Datuk Seri Anwar Ibrahim of Malaysia welcomed companies from the UAE to invest in renewable energy projects during his visit to Abu Dhabi. Discussions with UAE sovereign wealth funds, including Masdar and ADIA, focused on facilitating investments in green energy projects, infrastructure, battery storage, and energy grid enhancement. Anwar Ibrahim highlighted the potential collaborations with global partners for projects related to NIMP 2030, MADANI Economy framework, and JS-SEZ development, covering areas like advanced manufacturing, green technology, logistics, and healthcare. The partnership with ADIA is crucial for the potential privatisation of Malaysia Airport Holdings Bhd. Additionally, talks with Mubadala included discussions on LNG production, gas-related infrastructure, and the development of blue hydrogen and CCUS projects in JS-SEZ. The overall sentiment of the article is positive, emphasizing the opportunities for investment and collaboration between Malaysia and the UAE in the renewable energy sector.
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