Malaysia was the recipient of two large investments in November, according to fDi Markets.
United Arab Emirates-based Mubadala Development Company will invest $7bn in Malaysia’s aluminium sector as part of a strategic partnership deal with 1Malaysia Development Berhad. The investment will create 2000 specialist jobs.
Indian biotech firm Biocon is to invest $161m in a biotech park in Iskandar, Malaysia, to establish a new manufacturing practice and research and development facility. It is scheduled to be operational in 2014 and is the largest investment ever made in the Malaysian biotech sector.
The investment will be made with the Malaysian Biotechnology Corporation as part of a joint venture, and will be Biocon’s first phase of expansion into the country.