PUTRAJAYA, TUESDAY, 18 APRIL 2017: The Iskandar Malaysia 10th anniversary in November last year marked the second tipping point of this economic development region.
Iskandar Malaysia has surpassed its targets for the second phase of its development and in 2016 also entered its third development phase focusing on sustainability and innovation. The third wave of investments are expected to enhance the whole eco-system in Iskandar Malaysia as the spill-over effects will have higher impact to region’s economy.
Datuk Ismail Ibrahim, Chief Executive of Iskandar Regional Development Authority (IRDA) said Iskandar Malaysia recorded committed investments of RM5.27 billion for the first quarter of 2017, contributing to the total cumulative committed investment from 2006 to 31 March 2017 of RM227.67 billion.
“In this third phase, Iskandar Malaysia will focus on strengthening its soft and hard infrastructure with state-of-the-art facilities provided to the investors whilst at the same time benefitting the Rakyat,” said Datuk Ismail at the conclusion of IRDA’s 21st Meeting of its Members of Authority (MoA).
As the region’s growth progresses, it will continue to attract more population and visitors working and living in Iskandar Malaysia, and mobility is another area that needs emphasis. In line with this, the public transportation system for this region will be enhanced by providing efficient and accessible public transport. Iskandar Malaysia will embark on the Bus Rapid Transit (BRT) system to accommodate the targeted increase in population of up to 3.0 million by 2025. The first phase of BRT will be ready by 2020.
Another important infrastructure enabler is connectivity and this will also be the focus in the third development phase as Iskandar Malaysia needs a smart ICT infrastructure to remain attractive to new and existing investors whilst at the same time providing convenience to the people of Iskandar Malaysia in as many ways possible.
Iskandar Malaysia is also poised to be the preferred regional logistics hub. Port of Iskandar Malaysia is one of the 5 Big Moves of 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 Asia-Pacific.
Besides infrastructure, Iskandar Malaysia also places emphasis in nurturing the youth. Efforts in sustaining urban development is seen through youth empowerment and currently, this has been implemented via Johor International Youth Hub (HAB). The HAB is an initiative that involves the youth of Johor in the whole process of conceptualising, planning, designing, building, managing and eventually sustaining it. This has resulted in greater sense of ownership and belonging amongst the youth for the project.
Datuk Ismail added that Iskandar Malaysia after the first ten years and moving into its next ten years is not only about attracting new investments; the investments must be inclusive in order for the local communities, businesses and talents to participate and reap benefits from the wealth generated from economic activities. With all these elements in place, the region will, in no time, achieve its vision of becoming a Strong and Sustainable Metropolis of International Standing.
New appointment of Members of Authority
Today’s 21st Members of Authority (MoA) meeting welcomed YBhg Tan Sri Dr Ali Hamsa, Chief Secretary to The Government of Malaysia, as Federal representative and YB Tuan Haji Mohd Nasir Bin Abd Salam, State Financial Officer of Johor as State representative following their appointments as Members of Authority. YB Dato’ Azmi bin Rohani, who was recently appointed as State Secretary of Johor also attended the meeting.
The MoA is co-chaired by the Prime Minister of Malaysia and the Menteri Besar of the State of Johor. The primary responsibility of the Authority includes but is not limited to the setting of strategies, directions and policies relating to the development within Iskandar Malaysia.
This is the first MoA meeting attended by both and they shall be the IRDA Members of Authority for two years as stated under Section 8(1)(d) of IRDA Act 2007and are eligible for reappointment for a maximum period of three consecutive terms.
At the same event, the Authority members also endorsed the production of IRDA’s Annual Report for 2016.
The 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.
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About Iskandar Malaysia
About Iskandar Malaysia:
Iskandar Malaysia is an economic development corridor booming in Southern Johor, Malaysia. The development region encompasses an area of 2,217 square kilometres which is three times the size of Singapore and two times the size of Hong Kong. Iskandar Malaysia is envisaged to capitalize on its current synergies with Singapore as it aims to complement each other as an economic hub. Meticulously planned under the Iskandar Malaysia Comprehensive Development plan (CDP), the economic region comprises of five flagship zones.
Encompassing a vast acreage of land, it is the largest single development project ever to be undertaken in the region. Because of its strategic location, accessibility to leading Asian cities, proximity to some of the world’s most rapidly growing and important economies, Iskandar Malaysia is poised to attract an exciting influx of foreign and high-level corporate investments as discerning investors look to benefit from growth in Asean and Asia. Located in Johor, the southern gateway to Peninsular Malaysia, its advantages include:
- Six to eight hours flight radius from Asia’s burgeoning growth centres such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo.
- Within reach of a global market of some 800 million people.
- Accessible by air, land, rail and sea. • Flanked by three major ports, the Pasir Gudang Port, Port of Tanjung Pelepas and Tanjung Langsat Port.