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Cradle contributed RM3.4b to GDP for 8 years from 2008

Friday, 20 July 2018 15:04 News 1208 Views

KUALA LUMPUR: Cradle Fund Sdn Bhd (Cradle)’s Cradle Investment Programme (CIP) has contributed RM3.4 billion to Malaysia’s GDP, created 80,600 full-time jobs and attracted RM1.3 billion in private and foreign funds over eight years from 2008. These figures were provided by Cradle acting group chief executive officer (CEO), Razif Abdul Aziz, at Cradle Buzz 2018 in the Sime Darby Convention Centre today. “These are positive outcomes by any measure, and testimony to the fact that the right funding at the right time can in fact result in far greater outcomes than that of ordinary public spending. Stay tuned for the full report on the study in coming weeks,” he said.

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