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About: 1Malaysia Development Berhad     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SocialGroup107950920, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcompanyyago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:WikicatGovernment-ownedCompaniesOfMalaysiayago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920 New Facet based on Instances of this Class

1Malaysia Development Berhad (1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn(t) bərˈɦad]) is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). 1MDB was established to drive strategic initiatives for long-term economic development for the country by forging global partnerships and promoting foreign direct investment. Berhad is a Malay term indicating a public limited company. 1MDB focuses on strategic development projects in the areas of energy, real estate, tourism and agribusiness. 1MDB was involved in several high-profile projects such as the Tun Razak Exchange, Tun Razak Exchange's sister project Bandar Malaysia, and the acquisition of three independent power producers.