Iskandar Malaysia continues to attract steady inflow of investments

Iskandar Malaysia continues to attract steady inflow of investments

ISKANDAR MALAYSIA, 14 AUGUST: The first half of 2016 saw Iskandar Malaysia securing RM17.70 billion in new investments, bringing the total cumulative committed investment secured to RM207.99 billion from 2006 until 30 June 2016 as announced by Prime Minister YAB Dato’ Seri Mohd. Najib Tun Razak at the launch of Iskandar Malaysia Greenland Smart City Experiential Centre (SMARTXP), Helios Cove, Permas Jaya, today.

Of the total cumulative committed investments, RM106.43 billion or 51% represents investments that have been realized as projects on the ground. Datuk Ismail Ibrahim, Chief Executive of Iskandar Regional Development Authority (IRDA) said from January 2016 until 30 June 2016, Iskandar Malaysia has made tremendous ground in getting new investments and we are not far from our annual target of RM25 billion for this year.

“The Iskandar Malaysia Second Comprehensive Development Plan (CDPii) will ensure that the growth corridor’s development is carried out strategically to transform it into a ‘smart city’. “The Iskandar Malaysia’s definition of a Smart City is how we focus, think and implement to achieve Iskandar Malaysia vision in 2025. It is a city that performs well focused on 6 areas: the economy, governance, environment, mobility, people and living quality,” said Datuk Ismail.

He added that the SMARTXP will showcase the future of Iskandar Malaysia as a world-class Smart City. Visitors can experience the smart city living and environment at the gallery with no entrance fee. 

“We laud Greenland’s effort in providing a place for the public to learn about smart city and integrating the smart city elements in their development and blueprints,” said Datuk Ismail. Datuk Ismail added that these developments continue to benefit the Rakyat of Johor and Malaysia with ample business opportunities for entrepreneurs and SMEs as well as the creation of more jobs.

For 2006 until 2015, a total of 682,169 jobs have been created in Iskandar Malaysia and most of these came from the various sectors in Iskandar Malaysia including manufacturing, hospitality, food & beverage, and education. “With the recent announcement on the High-Speed Rail, as a game changer, it will definitely have a strong spill over impact to Iskandar Malaysia.

One of which is the movement of talents into Iskandar Malaysia when it is up and running in 2026,” he added. Iskandar Malaysia is well on track to realising its long-term goals and he remains optimistic that the region will continue to attract a stable inflow of investments with more upcoming projects in Iskandar Malaysia that will continue to benefit the local community. From the total of committed investment, domestic investments making up RM123.93 billion or 60% while 40% (RM84.05 billion) came from foreign investors.

Top five countries with highest investments into Iskandar Malaysia from 2006 to June 2016 are from China, Singapore, America, Japan and Spain. From the RM207.99 billion, the breakdown of the investments is as follows:

Promoted sectors in Iskandar Malaysia

1. Manufacturing : RM 53.68 billion (26.0%)

2. Logistics : RM 6.15 billion (3.0%)

3. Healthcare : RM 3.17 billion (2.0%)

4. Tourism : RM 3.37 billion (2.0%)

5. Education : RM 2.07 billion (1.0%)

6. Creative : RM 0.56 billion

7. Financial Services : RM 1.79 billion

Supporting sectors

1. Residential properties : RM 40.87 billion (20%)

2. Utilities : RM 12.96 billion (6 %)

3. Retail properties : RM 57.19 billion (27.0%)

4. Industrial properties : RM 13.51 billion (6.0%)

5. Emerging Technologies : RM 2.85 billion (1.0%)

6. Government (Infrastructure) : RM 9.83 billion (5.0%)

Datuk Ismail added that Iskandar Malaysia will celebrate its 10th Anniversary this coming November. “Iskandar Malaysia has achieved many milestones and these achievements are the result of the strong cooperation and support from the Federal and State governments, and private sector.

With that, I hope, we can continue to work together in realising Iskandar Malaysia’s vision as A Strong and Sustainable Metropolis of International Standing,” said Datuk Ismail.

 

 

 

 

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