ISKANDAR CAN HIT TARGET BEFORE 2025
Development corridor recorded total investments of RM227.67b as of March this year
ISKANDAR Malaysia can achieve its target of achieving RM383 billion worth of investments by 2025 much earlier if all quarters are aggressive in their promotions for the growth region.
Iskandar Regional Development Authority (Irda) chief executive Datuk Ismail Ibrahim said while the targeted amount of accumulated investments remained, he did not discount a possibility that the target could change if it was achieved earlier than the projected time frame.
“I believe we could achieve this target earlier than 2025 if we are more aggressive in promoting Iskandar Malaysia to investors, especially in the areas that we have identified,” said Ismail after leading more than 200 staff in a Corruption Free pledgetaking ceremony at the Irda headquarters in Danga Bay, here, yesterday.
Present was Johor Malaysian Anti Corruption Commission director Datuk Azmi Alias.
As of March this year, Iskandar Malaysia has recorded total investments of RM227.67 billion.
China was the largest investor in Iskandar Malaysia with total investments of about RM24 billion, followed by Singapore with total investments of about RM20 billion.
“The investments from China are not only in the property development sector but also in healthcare, education and tourism sectors,” said Ismail.
He, however, warned that Iskandar Malaysia was exposed to the current global economic uncertainties.
“Iskandar Malaysia is not dependent on one country or region. We are focusing on several countries and regions for prospective investors in Iskandar Malaysia so as to limit our exposure to these uncertainties,” said Ismail.