Iskandar on course to achieve investment targets

The Iskandar Malaysia is one of the major projects which have been garnering a lot of interests lately with investments growing and more companies keen to set up their offices there. This landscape is set to continue in the near future after the recent announcement by Ismail Ibrahim, the Chief Executive Offiver of IRDA (Iskandar Region Development Authority) who said that the region has attracted some RM95 billion in committed investments for the first six months of 2011.

This he said represents more than double of the cumulative target for the 5 years up to 2010 which was at RM47billion. Iskandar Malaysia has set a target of investments from 2011 to 2015 to reach RM73billion. Ismail did not elaborate more about more new investments as the announcements would be made either by the Prime Minister Datuk Seri Najib Tun Razak or Datuk Abdul Ghani Othman, the Mentri Besar of Johor when the time is right.

Potential investors from Asean countries as well as from Europe and Middle East will be the focus of Iskandar to draw potential investors where they are also very much determine in securing quality investments too. To this end, the corridor is also a more cost-effective place for Singaporean small and medium enterprises as compared to the southern country.