by Jeff Gimm
Malaysian Prime Minister Najib Razak recently announced a $2.5 billion joint venture between his country and Saudi Arabia. Malaysia will provide $1 billion for the venture with Saudi Arabia covering the rest. The venture will begin investing in oil and gas, along with alternative energies and real estate in Malaysia. Prime Minister Razak also mentioned that more investments similar to this would be coming from Saudi Arabia along with other countries in the Middle East the have a capital surplus.
This joint venture speaks to several things. The first being that Najib Razak's comments recently about the need for Malaysia and other Muslim countries to start working together may not just be empty words. But also that Malaysia will continue as a rising economic power in the region.
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