ISKANDAR CAN HIT TAR­GET BE­FORE 2025

De­vel­op­ment cor­ri­dor recorded to­tal in­vest­ments of RM227.67b as of March this year

New Straits Times - - Business - RIZALMAN HAMMIM JO­HOR BARU bt@me­di­aprima,com.my

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.

PIC BY HAIRUL ANUAR RAHIM

Iskandar Re­gional De­vel­op­ment Au­thor­ity chief ex­ec­u­tive Datuk Is­mail Ibrahim (front row, sec­ond from left), Jo­hor Malaysian Anti Cor­rup­tion Com­mis­sion di­rec­tor Datuk Azmi Alias (fourth from right) and other of­fi­cials at the Irda head­quar­ters in Jo­hor Baru yes­ter­day.

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