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Thursday, 1 November 2007

KL Business Club plans mission to UAE to showcase Malaysia's innovative markets and services in Islamic finance

KUALA LUMPUR: The Kuala Lumpur Business Club (KLBC), which has organised a successful mission to New York, is organising another one, this time to Dubai and Abu Dhabi from Nov 3-7.
The mission is to showcase Malaysia's innovative markets and products in Islamic finance to encourage investment, capital raising and cooperation with the Gulf region, president Datuk Dr Munir Majid said in a statement yesterday.
The delegation include Raja Muda of Perak, Raja Dr Nazrin Shah, who is the financial ambassador of the Malaysian International Islamic Financial Centre; Securities Commission chairman Datuk Zarinah Anwar; and Bank Negara deputy governor Datuk Mohd Razif Abdul Kadir.
Raja Nazrin would deliver the keynote address at an investment conference on Why Invest in Malaysia in Dubai on Nov 4, said the statement.
This will be followed by a panel discussion led by Zarinah and Razif, and moderated by Dr Munir, who is also Malaysia Airlines chairman.
The discussion will involve Khazanah Nasional Bhd executive director Ganen Sarvananthan, who will focus on the Iskandar Development Region; and CIMB Islamic Bank Bhd CEO Badlisyah Abdul Ghani.
Dr Munir said the programme were drawn up by the KLBC working group, with the help of supporting organisations in Malaysia and counter parties in the Gulf.
He said it would benefit KLBC members from the contacts they established and from the representations they make on behalf of their companies.
The mission will be in Abu Dhabi on Nov 5.
The delegation will also seek to understand better economic development and planning in the region, which has seen outstanding progress.
There will be a briefing by the Dubai Economic Development Planning Department and a presentation by Emaar, one of the world's largest real estate companies by market capitalisation.
Emaar's developments include Burj Dubai (the upcoming world's tallest building) and Dubai Mall. – Bernama

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