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Brazil's Batista promises 6 bln USD investment in Malaysia

08-10-2012 14:45 BJT

KUALA LUMPUR, Aug.10 (Xinhua) -- Brazilian conglomerate, EBX Group has committed an investment of 6 billion U.S. dollars in " high impact" projects in Malaysia in a move that could mark the beginning of strong economic ties between the two countries.

Malaysia's government announced in a statement late Thursday after EBX Group Chairman and Brazil's richest man, Eike Batista, paid a courtesy call on Prime Minister Najib Razak at the latter's office in Putrajaya.

"We are impressed with the potential that Malaysia has to offer and wish to announce our commitment of 6 billion U.S. dollars into Malaysia for high-impact strategic FDI investment to be implemented swiftly," Batista was quoted as saying.

EBX Group is a holding company founded in 1983 that owns a diverse range of businesses including oil, shipbuilding and mining.

Najib's office said he had a phone conversation with Brazilian President Dilma Rousseff on Wednesday to discuss bilateral partnerships and strategic investments.

Both pledged to cooperate in the energy, agriculture and education sectors.



Editor:James |Source: Xinhua

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