Iskandar Records Rm84.78 Bln In Cumulative Committed Investments
Jan 10, 2012
JOHOR BAHARU, Jan 5 (Bernama) -- Iskandar Malaysia recorded total cumulative committed investments of RM84.78 billions in various sectors from its inception in 2006 till end of December last year.
Johor Menteri Besar Datuk Abdul Ghani Othman said in a statement released by the Iskandar Regional Development Authority (IRDA) today that 45 percent of that cumulative committed investments had been realised.
"Iskandar Malaysia is currently in Phase 2 of its Comprehensive Development Roadmap covering the period 2011 to 2015," he said adding that the RM15.30 billion new investments which IM attracted last year represented 21 percent of the 2011-2015 target.
The manufacturing sector in Iskandar Malaysia led the surge in total committed investments with RM31.22 billion, followed by the property sector which recorded RM27.30 billion, he said.
Among the new investments are the RM2.3 billion project by Malaysia Marine and Heavy Engineering Holdings Bhd and RM2 billion investments by Beijing-based property group Zhuoda Real Estate.-BERNAMA
