ISKANDAR MALAYSIA RECORDS RM128.21 BILLION CUMULATIVE COMMITTED INVESTMENTS

ISKANDAR MALAYSIA, MONDAY, 21 OCTOBER 2013: ISKANDAR MALAYSIA recorded a total cumulative committed investment of RM128.21 billion from 2006 until 30 September 2013.

This includes RM9.28 billion in new investments in the third quarter of 2013, an increase of RM1.7 billion compared to RM7.56 billion in the second quarter.

Of the total cumulative committed investments, RM55.81 billion or 44% represents investments that have been realised.

Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said investors, both local and foreign, as evident through the investment figures, were very enthusiastic about the project as it continues to take shape.

“We are constantly looking into attracting more investments for the promoted sectors to ensure the quality of life for the people in ISKANDAR MALAYSIA is elevated and sustained,” said Datuk Seri Mohamed Khaled, who is also Iskandar Regional Development Authority (IRDA) co-chairman.

“The current talk of town is the expansion of LEGOLAND Malaysia, which offers a water theme park for the entire family to enjoy.” 

To date, local investors contribute RM83.40 billion (65%) of the cumulative committed investments while the balance RM44.81 billion (35%) is contributed by foreign investors.

Top five countries with highest investments into ISKANDAR MALAYSIA from January to June 2013 are from Singapore, Spain, Japan, United States of America and Netherlands. Among the promoted sectors, manufacturing records the highest cumulative committed investment at RM45.68 billion. This includes investment from the sectors of Electric and Electronics, Petrochemical and Oleo-chemical and Food and Agro-processing.

This is followed by logistics (RM4.81 billion), tourism (RM2.50 billion), healthcare (RM2.59 billion), education (RM1.56 billion), financial services (RM0.6 billion) and creative industries (RM0.4 billion).

Other sectors that support the growth of ISKANDAR MALAYSIA include property development, in which the residential, retail and industrial segments collectively contribute cumulative investments of RM48.09 billion as at 30 June 2013, followed by utilities (RM12.64 billion), government investment, mainly in infrastructure and public works (RM8.31 billion) and emerging technologies (RM1.03 billion).

IRDA Chief Executive Datuk Ismail Ibrahim said IRDA would continue to work with all relevant parties both in the Government and private sectors to ensure all investments into ISKANDAR MALAYSIA would be sustainable.

“Most important of all, the investments must not only bring value to the region, but also spur the local economy scene for our local community by providing employment and supporting business opportunities.

“We also urge our local talents to rise up to the occasion and equip themselves with both hard and soft skills needed and demanded by the ever-growing industry. IRDA is ever ready to help through our various programs and initiatives,” added Datuk Ismail.

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About IRDA

Iskandar Regional Development Authority (IRDA) is the regulatory authority mandated to plan, promote and facilitate the development of ISKANDAR MALAYSIA into a strong and sustainable metropolis of international standing, where living, working, business and leisure converge seamlessly.

For media inquiries, kindly contact:

  • Ms Marsha Tan @ 07 233 3141

  • Ms Izyan Ahmad @ 07 233 3125
    Note: Investment statistics are appended below for your reference.