JOHOR BAHRU — August 17, 2017: Iskandar Malaysia has recorded RM237.36 billion in total cumulative committed investments from 2006 until last June 30.O
Of the total, 55 per cent or RM130.55 billion represented investments that have been realised.
According to Iskandar Regional Development Authority (IRDA) Chief Executive Datuk Ismail Ibrahim, local investors contributed 60 per cent of the total.
This reflects continuous investor confidence in Iskandar Malaysia as it moves towards its long-term development objectives.
Ismail said in statement today that during this period, the services sector, namely tourism, education, finance, healthcare, creative and logistics, which include emerging technology, recorded RM22.40 billion in investments.
For this quarter, logistics continues to lead the services sector with total investments of RM6.70 billion, followed by tourism (RM4.69 billion) and healthcare (RM3.29 billion).
The services sector has contributed 10 per cent to Iskandar Malaysia’s total investment from 2008 until 2017. It reported a 17 per cent growth from 2015 to 2016.
The creative, healthcare, financial services and logistics sectors will continue to be the focus areas for new investments this year.
Ismail said Iskandar Malaysia is also poised to be the preferred regional logistics hub, with the Port of Iskandar Malaysia being one of the five Big Moves identified in the Iskandar Malaysia Comprehensive Development Plan 2014–2025 (CDPii).
IRDA envisions to position Iskandar Malaysia as a world-class dynamic logistics and maritime hub in Asean and the Asia-Pacific.
Ismail said the manufacturing sector, which is made of the electrical and electronics sector, food and agro processing sector, and petrochemical and oil and gas sector, recorded RM59.26 billion investments.
According to the Malaysian Investment Development Authority, the manufacturing sector has created 129,000 jobs in Iskandar Malaysia from 2006 until December 2016.
Ismail also said that 717,547 jobs had been created since 2007. Fifteen per cent of these jobs involved skilled workers and professionals, while 16 per cent were semi-skilled workers. — Bernama