Iskandar Malaysia Gets 12 New Investments Worth RM1.7 Billion

By Sunday December 11th, 2011 No Comments

JOHOR BAHARU, Dec 11 (Bernama) — Iskandar Malaysia, which has so far received committed investments totalling RM77.8 billion, has chalked up 12 new investments worth RM1.73 billion.

Prime Minister Datuk Seri Najib Tun Razak, who is on a day-long visit to Iskandar Malaysia, witnessed the exchange of documents between the investors at Iskandar’s fifth anniversary celebrations at Puteri Harbour, Nusajaya Sunday.

The new investments are between Iskandar Investment Berhad (IIB) and Frost and Sullivan, as well as Multimedia Development Corporation (MDEC) for the establishment of the RM100 million Frost and Sullivan Global Innovation Centre in Medini.

IIB and DHL have also agreed to establish the Iskandar Malaysia DHL Supply Chain Centre of Excellence, valued at RM0.5 million in committed investment.

University of Reading of Malaysia will establish the University of Reading Malaysia in Educity, Iskandar Malaysia with committed investment of RM135 million.

Other investments include by local developer Ra Ta land Sdn Bhd for a 25-storey twin towers office project in Medini North, Iskandar Malaysia worth RM250 million.

Johor Corporation (JCorp) also entered into an agreement with three different investors to lease and sell land in the Tanjung Langsat Industrial Complex (TLIC).

The first agreement was between JCorp and Evyap Sabun Malaysia Sdn Bhd to lease 22.57ha in TLIC to build an integrated oleo-chemical plant worth a committed investment of RM350 million.

The second agreement involved JCorp and Kiswire Cord Sdn Bhd worth a committed investment of RM300 million for the sale of 8.1ha of land at TLIC to build a steel plant.

The third agreement, for a committed investment of RM250 million, was between Jcorp and Mopuflex Sdn Bhd for the lease of 5.95ha of land at TLIC to set up an E-House for the oil and gas industry and a mobile platform unit for enhanced oil recovery.

The Multimedia University and University of Southern California also inked an agreement to establish a Cinematic Arts programme at Educity.

Other investments were between Multimedia University with Iskandar Education Enterprise Sdn Bhd, UM Land with Seri Alam Properties Sdn Bhd and Raffles Campus Pte Ltd for the development of an international school, Plus Berhad and Propel Berhad as well as between Iskandar Malaysia Studios Sdn Bhd with Universiti Teknologi Mara.

Source : Bernama

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