Prime Minister Najib Abdul Razak said in a joint press conference with the Qatar prime minister today that both countries will each put US$1 billion (RM3.15 billion) in a fund to look for investments.

"The prime minister of Qatar and I have agreed to work to set up a  Malaysia and Qatar investment fund with each country

to set up US$1 billion to look for investments," Najib said.

He did not elaborate on the type of fund or asset classes that will be invested by the two countries.

Qatar Prime Minister Sheikh Hamad Jassim al-Thani arrived in Putrajaya today for a three-day visit to strengthen ties between both countries.

- Reuters