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Iskandar records RM188 billion investments since 2006

Have of the investments mentioned are projects that have been realised on the ground.

Have of the investments mentioned are projects that have been realised on the ground.

Syndicated News
Written by Syndicated News

PUTRAJAYA — December 14, 2015: Iskandar Malaysia, the main southern development corridor in Johor, recorded RM187.96 billion in total cumulative committed investments from 2006 until last month.

Of the total, 50 per cent represents investments that have been realised as projects on the ground.

In a statement issued after a meeting with the prime minister here today, the Iskandar Regional Development Authority (IRDA) said that domestic investments made up RM111.82 billion or 59 per cent of the amount.

IRDA is mandated to plan, promote and facilitate the Iskandar Malaysia development.

Among the sectors, manufacturing registered the highest investments at RM52.10 billion. These came from electrical and electronics, petrochemical and oleochemical and agro and food processing sectors.

Next came logistics (RM5.70 billion), tourism (RM3.10 billion), health care (RM2.77 billion), education (RM2.06 billion), consulting services
and financial advisory (RM0.74 billion) and creative industry (RM0.56 billion).

Other sectors that support Iskandar Malaysia’s growth are the residential, retail and industrial segments which collectively contributed to cumulative investment of RM96.13 billion as at last November 20, followed by utilities (RM12.96 billion), government investments focusing on infrastructure and public works (RM8.99 billion) and latest technologies (RM2.85 billion). — Bernama

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