CIBD of Malaysia to invest USD 30 billion in India
Q. CIDB of Malaysia has proposed to invest USD 30 billion in urban development and housing projects in India. What does CIDB stand for?- Published on 19 Oct 15a. Construction Industrial Development Board
b. Construction Industry Development Board
c. Construction Industry Defining Board
d. None of the above
ANSWER: Construction Industry Development Board
Construction Industry Development Board/ CIDB of Malaysia on 15th October 2015 proposed to invest around USD 30 million in urban development and housing projects in the country such as redevelopment of New Delhi Railway Station. National Buildings Constriction Corporation of Union Ministry of Urban Development will be linked with these projects. CIDB is a Malaysia based government agency which has been conceived in 1995 and is executing projects worth USD 8 billion currently.