Malaysia's Prime Minister Najib Razak said in a joint press conference with the Qatar Prime Minister on Monday that both countries will each put $1 billion in a fund to look for investments.

"The Prime Minister of Qatar and I have agreed to work to set up a a Malaysia and Qatar investment fund with each country to set up $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 bin Jassim Al-Thani arrived in Malaysia's administrative capital on Monday for a three-day visit to strengthen ties between both countries. - Reuters