TEHRAN - Iran invested $940 million in Malaysia’s industrial sector in 2007, making it the third leading investor in the country’s industrial sector after Japan and Germany and ahead of the U.S., Singapore, India, and China, according to a report by the Malaysian Industrial Development Authority (MIDA).

The largest joint venture underway by Iran and Malaysia is construction of an oil refinery costing three billion dollars and the daily feed of 250,000 barrels of crude oil.
For the second year in a row, Japan and Germany named the two major investors in Malaysia with 1.97 billion dollars and 1.15 billion dollars investment respectively