Abu Dhabi-based Aldar Properties and Mubadala Development, together with Kuwait Finance House and Millennium Development International, of Lebanon, have invested Dh800 million (US$217.8 million) in Medini, a Dh73.4bn urban development in Malaysia.

The firms signed up to the project, which is being developed by Iskander Investment Berhad (IIB) in the southern Malaysian state of Johor, last year. Together they pledged a total investment of Dh4.4 billion over three to five years.

The National