Singapore largest investor in Iskandar

Singapore companies are the largest foreign investors in Malaysia’s Iskandar project, the main southern development corridor in Peninsular Malaysia.

According to latest statistics provided by the Malaysian Investment Development Authority, Singapore firms have set up around 300 companies in the corridor at a value of $2 billion since its inception in 2006.

Total foreign investment in the development region rose from $7,2 billion in 2008 to $12 billion in September this year, the data shows.

Most of the investments are coming from small and medium-sized companies that are looking to benefit from lower land prices and labour costs as compared to neighbouring Singapore, according to a report in the New Strait Times.

Apart from Singapore, Iskandar recently attracted attention from China and Japan, Datuk Syed Mohamed Syed Ibrahim, CEO of Iskandar Investment, told Inside Investor in an exclusive interview.

“We are getting very strong interest from China and, as of late, from Japan. Japan is a very interesting market for us which earlier focused its interest mainly on Kuala Lumpur and Penang, but now is increasingly looking at Iskandar,” Ibrahim said.

“However, land is already becoming scarce in Iskandar, so we don’t need to be too aggressive in selling it,” he added.



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Singapore companies are the largest foreign investors in Malaysia's Iskandar project, the main southern development corridor in Peninsular Malaysia. According to latest statistics provided by the Malaysian Investment Development Authority, Singapore firms have set up around 300 companies in the corridor at a value of $2 billion since its inception in 2006. Total foreign investment in the development region rose from $7,2 billion in 2008 to $12 billion in September this year, the data shows. Most of the investments are coming from small and medium-sized companies that are looking to benefit from lower land prices and labour costs as compared...

Singapore companies are the largest foreign investors in Malaysia’s Iskandar project, the main southern development corridor in Peninsular Malaysia.

According to latest statistics provided by the Malaysian Investment Development Authority, Singapore firms have set up around 300 companies in the corridor at a value of $2 billion since its inception in 2006.

Total foreign investment in the development region rose from $7,2 billion in 2008 to $12 billion in September this year, the data shows.

Most of the investments are coming from small and medium-sized companies that are looking to benefit from lower land prices and labour costs as compared to neighbouring Singapore, according to a report in the New Strait Times.

Apart from Singapore, Iskandar recently attracted attention from China and Japan, Datuk Syed Mohamed Syed Ibrahim, CEO of Iskandar Investment, told Inside Investor in an exclusive interview.

“We are getting very strong interest from China and, as of late, from Japan. Japan is a very interesting market for us which earlier focused its interest mainly on Kuala Lumpur and Penang, but now is increasingly looking at Iskandar,” Ibrahim said.

“However, land is already becoming scarce in Iskandar, so we don’t need to be too aggressive in selling it,” he added.



Support ASEAN news

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.

$
Personal Info

Donation Total: $10.00

 

 

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