Iskandar attracts $32b investment

Iskandar attracts b investmentIskandar Malaysia, the massive commercial and residential development in the main southern development corridor in Johor on the Malaysian Peninsula has attracted $32 billion in investments or RM99.79 billion by the third quarter of this year, almost having breached the RM100 billion investment mark.

Datuk Ismail Ibrahim, chief executive of the Iskandar Region Development Authority, said 42 per cent of the total committed investment had been spent as of September this year. For this year alone until September, he said, the economic corridor has managed to attract a total of RM15 billion in cumulative investment.

According to him, 63 per cent of the total cumulative committed investment received was derived from domestic sources, while 37 per cent were from foreign companies.

The development comprises five “flagship zones” over 2,216 square kilometers, including ports, a financial district, a central business district, a waterfront city, a residential development and a mixed development as well as Legoland Malaysia and the Malaysia-Singapore Causeway. There is also an administrative zone, a medical hub, an education city, a resort for international tourism and an industrial logistic cluster.

There will also be a free trade zone, a world heritage park, and industrial zone, a technology park, cargo hubs, a knowledge center and an ICT hub. The development envisages to capitalize on synergies with Singapore. The land size of Iskandar is about three times the size of the city state.



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Iskandar Malaysia, the massive commercial and residential development in the main southern development corridor in Johor on the Malaysian Peninsula has attracted $32 billion in investments or RM99.79 billion by the third quarter of this year, almost having breached the RM100 billion investment mark. Datuk Ismail Ibrahim, chief executive of the Iskandar Region Development Authority, said 42 per cent of the total committed investment had been spent as of September this year. For this year alone until September, he said, the economic corridor has managed to attract a total of RM15 billion in cumulative investment. According to him, 63 per...

Iskandar attracts b investmentIskandar Malaysia, the massive commercial and residential development in the main southern development corridor in Johor on the Malaysian Peninsula has attracted $32 billion in investments or RM99.79 billion by the third quarter of this year, almost having breached the RM100 billion investment mark.

Datuk Ismail Ibrahim, chief executive of the Iskandar Region Development Authority, said 42 per cent of the total committed investment had been spent as of September this year. For this year alone until September, he said, the economic corridor has managed to attract a total of RM15 billion in cumulative investment.

According to him, 63 per cent of the total cumulative committed investment received was derived from domestic sources, while 37 per cent were from foreign companies.

The development comprises five “flagship zones” over 2,216 square kilometers, including ports, a financial district, a central business district, a waterfront city, a residential development and a mixed development as well as Legoland Malaysia and the Malaysia-Singapore Causeway. There is also an administrative zone, a medical hub, an education city, a resort for international tourism and an industrial logistic cluster.

There will also be a free trade zone, a world heritage park, and industrial zone, a technology park, cargo hubs, a knowledge center and an ICT hub. The development envisages to capitalize on synergies with Singapore. The land size of Iskandar is about three times the size of the city state.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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