1Malaysia Development Berhad (1MDB)

Company description

1Malaysia Development Berhad (1MDB) is a strategic development company, wholly owned by the Government of Malaysia. 1MDB was established to drive strategic initiatives for long-term economic development for the country by forging global partnerships and promoting foreign direct investment. 

1MDB focuses on strategic development projects in the areas of energy, real estate, tourism and agribusiness.

1MDB is currently involved 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.

Company details

City:
Kuala Lumpur
Address:
1MDB, Level 8, Menara IMC, No 8 Jalan Sultan Ismail, 50250 Kuala Lumpur, MALAYSIA
Twitter:

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • November 06, 2015

    Updated - Two bidders target 1MDB’s energy assets in Malaysia

    1Malaysia Development Bhd., Malaysia's state investment company that nearly defaulted earlier this year, has received bids for its energy unit.

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  • July 24, 2015

    Tenaga makes indicative bid to acquire power assets of 1MDB

    Tenaga Nasional Berhad (TNB) has submitted an indicative non-binding proposal to acquire five domestic and eight international power assets of 1Malaysia Development Berhad (1MDB)'s Edra.

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  • March 30, 2015

    1MDB seeks partners for 2,000 MW Project 3B

    Jimah East Power Sdn Bhd, a joint venture (JV) between 1Malaysia Development Berhad (1MDB) and Mitsui & Co Ltd, is seeking partners to develop Project 3B, a 2000 MW coal-fired power plant in Negeri Se...

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  • September 25, 2014

    Malaysian companies to build power plant in Bangladesh

    Tenaga Nasional Berhad (TNB) has announced the execution of Memorandum of Understanding (MOU) dated 22 September 2014 held in Dhaka between a consortium of TNB & Powertek Berhad (PB), a subsidiary...

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  • July 24, 2014

    Malaysia's Tenaga National signs PPA for power deal with 1MDB, Mitsui

    Tenaga Nasional Bhd (TNB), the largest Electric utility company in Malaysia, has signed a power purchase agreement (PPA) with Jimah East Power Sdn Bhd, relating to a coal-fired power plant with a capa...

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  • July 11, 2014

    1Malaysia Development Bhd hires advisors for IPO

    Deutsche Bank and Goldman Sachs, as well as two local banks Maybank and AmBank are understood to be advising on the upcoming IPO of 1Malaysia Development's power assets, with the deal estimated to be...

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