Sultan Ibrahim’s delegation includes representatives of YTL Corp., the people said. The Malaysian company is part of one of the three groups shortlisted for the project, the Edge Malaysia reported in March. YTL Executive Chairman Francis Yeoh told Bloomberg TV in November that it’s interested, while stopping short of confirming its participation in the bidding process.
Malaysia’s king is planning to seek funding from Chinese investors for a multibillion-dollar high-speed rail project between the Southeast Asian country and Singapore, according to people familiar with the matter.
Sultan Ibrahim Iskandar is looking for investment from a Chinese state-owned company, the people said, asking not to be identified because the information is private. President Xi Jinping, whose Belt and Road Initiative has fueled an infrastructure boom across Asia and Africa, invited the monarch for a four-day state visit to deepen strategic ties that began Thursday.
