1Malaysia Development Berhad (1MDB) #38310
Created at
2014-04-28
Last update
2023-08-16
1 Parents (Involvements as child)
Draft
ID
Name
Malaysian Ministry of Finance
Country of registration/origin
Malaysia
Classification
Government
Relationship
Parent company
Comment
1MDB was a strategic investment and development company wholly-owned by the Malaysian government through the Malaysian Ministry of Finance. It was formed in 2009 when the Malaysian government took control of a municipal entity called Terengganu Investment Authority (“TIA”). 1MDB was created to pursue investment and development projects for the economic benefit of Malaysia and its people, primarily relying on debt to fund these investments. 1MDB’s development projects were focused in the areas of energy, real estate, tourism and agribusiness. 1MDB was overseen by senior Malaysian government officials, was controlled by the Malaysian government, and performed a government function on behalf of Malaysia.
0 Children (Involvements as parent)
1 Deals (Involvements as Operating company)
ID
Target country
Malaysia
Current intention of investment
Other
Current negotiation status
Concluded (Contract signed)
Current implementation status
Startup phase (no production)
Deal size
200 ha