Iskandar Malaysia’s 2020 investment declines to RM17b due to pandemic | Malay Mail

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JOHOR BAHRU, Feb 1 — Iskandar Regional Development Authority (IRDA) attributes the RM17 billion investment raked in by Iskandar Malaysia in 2020, which was lesser than the average RM30 billion it could draw in previous years, to Covid-19. It expects the pandemic to continue to affect investment...

Monday, 01 Feb 2021 07:50 PM MYT

It expects the pandemic to continue to affect investment into the main southern development corridor, projecting an estimation of RM15 billion to RM17 billion for 2021. To attract investors, he said IRDA would find a new formula through restructuring a number of strategies in line with the new normal.

“So these are two approaches that we can develop and focus on to strengthen businesses and the domestic economy and at the same time, find the focal point on how we can continue to encourage investment and boost economic development in the region,” he said.

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