A high security environment, internationally recognised academic standards, affordable cost of living, a high concentration of top universities and the availability of job prospects are some of the factors that make a city the top pick for higher education—and those are all the qualities EduCity™ Iskandar Malaysia strives to offer.
EduCity is an initiative by the Iskandar Investment Berhad (IIB) under the National Key Economic Area (NKEA) in an effort to fulfil the government’s vision in enhancing Malaysia’s reputation as an international education destination. As the economy relies heavily on foreign investment and cutting-edge companies now base their expansion decisions on the availability of talent pools as well as a country’s culture for innovation, Iskandar Malaysia will play an integral part in the success of Malaysia’s Economic Transformation Programme. To achieve this recognition, a city is required to have a stable infrastructure, world class schools and universities, research laboratories and a networked technological infrastructure—basically everything you will find at EduCity.
ASIA’S FIRST FULLY INTEGRATED EDUCATION HUB
EduCity is a 600-acre fully integrated education hub which comprises universities and institutes of higher education, academia-industry action and R&D centres, as well as student accommodations. The idea of EduCity is to have each one of these universities bring their best faculties to our doorsteps to provide the range of disciplines that receive the most demand from the market.
Among these premium tertiary establishments are Newcastle University Medical Malaysia, University of Reading Malaysia, Marlborough College Malaysia, Raffles University Iskandar and Raffles American School, and the Multi-Varsity Complex (MVC) that lends the uniqueness to this education hub.
First in Asia, the MVC that lies in the heart of EduCity will become home to three other renowned institutions namely Netherlands Maritime Institute of Technology, University of Southampton Malaysia Campus, Multimedia University and a future Hospitality School. Most of these universities will bring on board the faculty that they are most renowned for such as Medicine and Biosciences, ICT, Logistics, Engineering, Hospitality and Creative Arts to eliminate the need to compete with one another.
Further enhancing the experience living and studying in EduCity is the Student Village (within walking distance to the MVC) that is located within a gated compound with 24-hr card access, CCTV and multi-tier security. EduCity also boasts exceptional recreational and sports facilities as well as a dedicated Student Centre with shared facilities such as cafeterias and convenience stores.
THE CATALYST OF GROWTH
The education service sector has always played a significant role in promoting economic growth, hence it is one of the targeted nine economic pillars in the Comprehensive Development Plan of the Iskandar Malaysia development corridor. It has contributed approximately RM21 billion between 2002 and 2013, and with the government’s recent effort in marketing Malaysia as an education hub the number is expected to grow by RM10 billion by 2020.
With the establishment of EduCity, higher education will continue to be another source of foreign exchange earner for the country. The influx of students, educators as well as other supporting staffs is poised to spur growth of communities, businesses—by creating demands for facilities such as cafes, shops, sports clubs and hotels—and various other sectors such as tourism.
PRODUCING FUTURE TALENTS
With the affordable cost of living; significantly lower fees in exchange for a quality international education; and a geographically safe environment as the drawing factors, EduCity will lure the best brains from around the region as well as the world to further their education within our shore.
According to data published by the Eleventh Malaysia Plan, there were 32,840 international students enrolled in public Institutions of Higher Education (IHEs) and 75,000 in private IHEs in 2004 alone. The internationally renowned universities at EduCity are expected to attract more talents to Malaysia and provide a steady supply of graduates to join the labour pool and support the various economic activities of the country. It also allows local students with a smaller budget to obtain a degree from an international university without having to move abroad.
This article was first published in the iProperty.com Malaysia September 2016 Magazine. Get your copy from selected news stands or view the magazine online for free at www.iproperty.com.my/magazine. Better yet, order a discounted subscription by putting in your details in the form below!