Malaysia - Total Cumulative Investment In Iskandar Malaysia Reaches RM 105 billion

December 13, 2012

Out of RM 105 billion in total cumulative investment in Iskandar Malaysia, real estate contributed the largest share at RM 35.1 billion.



Iskandar Malaysia managed to pull in RM 20.36 billion in committed investment for the first 11 months of the year, bringing the total cumulative investment in the special development zone in Johor to RM 105.14 billion so far.

Real estate proved to be the most popular, with the sector contributing the largest share of committed investment at RM 35.1 billion. This was followed by the manufacturing sector at RM 33.9 billion and the utilities sector at RM 9.5 billion, said Prime Minister Datuk Seri Najib Abdul Razak.

He noted that domestic investors accounted for 64% – or RM 67.79 billion – of the cumulative committed investment, while foreign investors accounted for the remaining 36% – or RM 37.45 billion.

Najib described skandar's performance as pleasing, with the region boasting several projects in education, tourism and retail sectors, such as the University of Southampton Malaysia campus, Newcastle University, Puteri Harbour Family Theme Park, Legoland Malaysia and Medini Lifestyle Retail Mall.

He added that the Low Carbon Society (LCS) blueprint adopted by Iskandar Malaysia would attract yet more investors.

“The Members of Authority (MoA) members endorsed the launch of LCS blueprint and we believe this effort has reinforced the investor value proposition of Iskandar Malaysia and would certainly spur the interest and attraction of even more investments into Malaysia,” said Najib.

Launched on 30 November 2012 and to be implemented in the first quarter of next year, the LCS blueprint provides a 12-point execution plan to lower the carbon intensity emission in Iskandar Malaysia by 50% when it reaches its maturity in 2025, explained Datuk Ismail Ibrahim, Chief Executive of IRDA.