KUALA LUMPUR (Sept 13): The Employees Provident Fund (EPF) intends to invest US$3-US$4 billion to support infrastructure redevelopment in the United States, according to Prime Minister Datuk Seri Najib Razak.
He said this during his visit to the White House in Washington yesterday where he met U.S. President Donald J. Trump.
The U.S. Embassy in Kuala Lumpur this morning released a transcript of Najib’s and Trump’s remarks made before their bilateral meeting.
Najib said the EPF has so far invested close to US$7 billion, in terms of equity, in the United States.
He also said Malaysia’s sovereign fund, Khazanah Nasional Bhd, which has an office in Silicon Valley, has invested about US$400 million, in terms of high-tech companies, and intends to increase that investment as well.