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Iskandar Malaysia records RM16b cumulative investment for 1H 2020 | Malay Mail

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JOHOR BARU, Sept 2 — Iskandar Malaysia recorded a cumulative investment of RM16 billion in the first half of 2020 (Jan–June) compared with RM16.75 billion in committed investment in the first half of 2019. The RM16 billion investment brought the main southern development corridor’s total...

Wednesday, 02 Sep 2020 06:00 PM MYT

The RM16 billion investment brought the main southern development corridor’s total cumulative investment from 2006 to June 2020, to RM332.11 billion, said Iskandar Regional Development Authority in a statement here today. Johor Menteri Besar Datuk Ir Hasni Mohammad said the pandemic provided IRDA time to reassess and reevaluate its strategies in achieving its investment target despite the new norms and changes that had to be addressed.

Hasni who is also IRDA co-chairman said the seven initiatives are establishment of Ibrahim Johor Economic Council, Johor Digital Masterplan, Singapore-Johor-Riau Growth Triangle Development, Johor Economic Trade and Cultural Office in Singapore, New Economic Alignment, Johor Food Bank and Johor Sustainable Development Plan 2019-2030.

Specifically, USTDA’s grant would develop implementation plans for the Iskandar Malaysia Urban Observatory project, a top smart cities priority for Malaysia.

 

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