Khazanah, KWAP & Blue Chip VC to invest up to RM3bil in sea – Anwar at KL20
KUALA LUMPUR: An investment of up to RM3 billion will be made by sovereign wealth fund Khazanah Nasional Bhd, Retirement Fund (Incorporated) (KWAP) and Blue Chip Venture Capital (BCVC).
KL20 – Anwar Speaks
Prime Minister Datuk Seri Anwar Ibrahim said the investment will be made in Southeast Asian (SEA) and Malaysian ecosystems under the ASEAN Investment Initiative.
Speaking at the launch of KL20 Summit 2024 here today, Anwar announced that Khazanah Nasional will launch a “National Fund of Funds” with an initial RM1 billion allocation to invest in innovative high-growth Malaysian companies.
He said this was following the Malaysia MADANI Budget 2024 announcement last year, which outlined the government’s commitment to Malaysian companies, from Bumiputera entrepreneurs to start-ups, small and medium enterprises (SMEs) and rising champions.
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