Iskandar Malaysia is a destination where you can enjoy state-of-the-art facilities, full infrastructure and a one-stop business centre to ensure business transactions are fast, seamless and convenient.
We are set to be a high growth region driven by the services sectors and with continuous support from selected manufacturing sectors especially the existing key economic drivers, namely electrical and electronics (E&E), oleochemical, petrochemical and food processing.
To achieve this target, The nine promoted sectors are categorized into two groups namely the core sectors and the emerging sectors.
Finance, Insurance, Real Estate & Business Services (FIREBS)
Core Sectors are sectors that have been long established in Iskandar Malaysia. They are stable economic drivers, with strong horizontal and vertical linkages and a complete ecosystem with high value added and employment contribution to the region. Not all core sectors are strong and vibrant, thus further actions are needed to strengthen them.
On the other hand, Emerging Sectors are newly induced. Their horizontal and vertical linkages with other industries have great potential to be developed to drive economic growth.
Iskandar Malaysia will continue to grow along its planned growth path and become an internationally competitive and resilient region. Iskandar Malaysia is expected to achieve its growth targets by 2025 and the core promoted economic sectors shall be geared towards higher value added activities and deepening their cluster linkages. On the other hand, the growth of emerging sectors shall be supported by a complete ecosystem.
Manufacturing is among Iskandar Malaysia’s main contributors to the region’s economy. Iskandar Malaysia would be the ideal place to attract high value added manufacturing activities especially on the advanced electrical and electronics, renewable energy, aerospace, security and defence, medical devices and many more.
Iskandar Malaysia is envisioned to be “The World-Class Petrochem & Oleochem Destination”. The presence of large oil and gas reserves in Iskandar Malaysia has made the region a trusted hub for petrochemichal industry.
Iskandar Malaysia is also a home to global palm oil and oleochemical companies such as IOI Group, Sime Darby, and Felda Holdings. Many companies producing basic oleochemical and derivatives supply over 120 types of downstream products largely to export markets.
Malaysia is an emerging global food exporter of over USD 6 billion to more than 200 countries mainly Singapore, USA and Indonesia. Nearly three quarters of these food exports are processed food and beverage products. Our agricultural industry developments namely palm oil and pineapple canning added the attractions to this sector. Being centrally located in large Muslim nations, Iskandar Malaysia is a strategic location for the establishment of Halal market and welcomes investment in more productions of Halal products.
Iskandar Malaysia’s logistics sector is commercially attractive in terms of margins, growth potential and market size. The sub sectors comprise of Rail, Road, Shipping and Airport are connected to other logistics hubs across the globe. We have 3 shipping ports; Port of Tanjung Pelepas (PTP), Johor Port, and Port of Tanjung Langsat together with Senai International Airport. A good bargain to compare about our ports is, investors will enjoy about 30% cost advantage compared to Singapore. Moreover, Senai also offers a potential of twin airport opportunity to complement Changi International Airport.
Iskandar Malaysia is well positioned to benefit from its development to become Asia’s Dynamic Tourism and Leisure Destination. A lot of tourist attractions have been developed in the region namely LEGOLAND Malaysia, Angry Birds Activity Park, Johor Premium Outlets, Puteri Harbour Family Theme Park and many more!
The incentives available for Iskandar Malaysia include the Iskandar Malaysia Incentive Support Package (ISP) for Medini, targeted to Iskandar Malaysia’s six promoted sectors i.e. Education, Healthcare, Logistics, Creative, Tourism and Global Business Services which has been designed to boost investments in realizing Iskandar Malaysia’s vision to be a strong and sustainable metropolis of international standing.
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