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Iconic investment in Iskandar

LIMA: Singapore has proposed to make an iconic investment in Iskandar Malaysia as a symbol of commitment between the two countries, said Deputy Prime Minister Datuk Seri Najib Tun Razak.

He said the suggestion came from Singapore Prime Minister Lee Hsien Loong when the two met on the sidelines of the Asia-Pacific Economic Cooperation (Apec) leaders summit here on Saturday.

The investment will be some sort of high impact economic project that is viable and effective for the two nations, he said.

The Singapore PM said the investment was to be a symbolic one as a commitment of his nation to Iskandar Malaysia, said Najib to Malaysian newsmen at the end of the two-day Apec summit.

Prime Minister Datuk Seri Abdullah Ahmad Badawi had said at the launch of the project that Iskandar Malaysia would be to Singapore what Shenzen is to Hong Kong as the area is close to the Second Link between the two neighbouring nations.

Foreign Minister Datuk Seri Dr Rais Yatim, who was present at the meeting, said the two leaders had left it to their officials to discuss details of the proposed investment.

The officials will also decide the scope and value of the investment that is to be made, added Dr Rais.

He also revealed that he would meet his Singapore counterpart George Yeo in Bali to discuss the schedule for negotiations of unresolved issues between the two countries.

Najib had earlier announced that he and Lee had agreed that the two foreign ministers should meet to discuss the unresolved points of agreement that was stated in the 1990 agreement between Malaysia and Singapore.

Source : The Star

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