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Iskandar Malaysia To Receive Another ‘Big’ Investment Soon

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JOHOR BAHARU – Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said Iskandar Malaysia is expected to receive another ‘big’ investment, which will continue to strengthen the region’s image as an attractive investment destination in the country.

Mohamed Khaled however declined to comment further on the investment.

“We have to wait for the announcement of the big investment as it is the federal government’s project. I expect the announcement will be made soon,” he told reporters yesterday.

Mohamed Khaled who is also Iskandar Regional Development Authority (IRDA) joint Chairman said this after launching the Iskandar Malaysia Conference here.

He said the big investment which is now at Finance Ministry level would have spillover effects as it would also attract investments from other supporting companies to Iskandar Malaysia.

He said with the inflows of local and foreign investment, Iskandar Malaysia is expected to create 1.5 million high-income jobs in 2025.

The state government he said would ensure that the investments received by Iskandar Malaysia would be beneficial to the local residents in line with the government’s People’s Economy agenda.

Two days ago, Mohamed Khaled in a statement said Iskandar Malaysia had secured investments worth RM10 billion in the third quarter of this year, bringing the total cumulative committed investments since its inception in 2006 until September 30 this year to RM156.35 billion. – Bernama

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