KUALA LUMPUR -- Bracing for a more volatile global economy, a Malaysian sovereign wealth fund that manages $25 billion in assets has sharpened its domestic strategy, taking a major role in the country's industrial development.

Amirul Feisal, managing director of Malaysian sovereign wealth fund Khazanah Nasional, in Kuala Lumpur. (Photo by Ahmad Mustakim)
State investor sets aviation, energy, digital infrastructure as core sectors while also nurturing startups