PR1MA Corporation Malaysia, the agency responsible for developing affordable housing projects in the country, is seeking a strategic investment from the Qatar Investment Authority (QIA). Is it for investment opportunities that are separate from PR1MA’s affordable housing projects or is it to fund these projects? It is still unclear, however, as to the level of returns that QIA will require from the RM8.1 billion investment. Besides PR1MA, the government also has other affordable housing programmes such as the Perumahan Penjawat Awam Malaysia and Federal Territory Affordable Housing Programme (RUMAWIP). The purpose of the MOU was to explore a potential collaboration between the parties to provide funding for new PR1MA housing projects.

Source: The Edge Markets May 04, 2022 19:04 UTC