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Iskandar Malaysia Attracts Rm77.82 Billion Cumulative Investments [ 25-10-2011 ]

SINGAPORE, Oct 19 (Bernama) -- As of September this year, Iskandar Malaysia recorded a total cumulative committed investment of RM77.82 billion from various sectors.

Iskandar Regional Development Authority (IRDA) Chief Executive, Ismail Ibrahim said of this total, 60 per cent (RM46.63 billion) was domestic investments with the remaining 40 per cent (RM31.19 billion) coming from overseas.

He said this is indicative of the gradual shift from a dependence on foreign investors to being a domestic enterprise driven metropolis.

The figures also reflect the confidence, domestic investors have in Iskandar Malaysia, as well as its appeal to both foreign and local investors.

He had been invited to speak at the ongoing GES Business Leaders Summit 2011 and share experiences and insights into the development of Iskandar Malaysia

At a press conference here on Tuesday, Ismail said he expects the RM2 billion Sharia-compliant SME Financing Fund - to be established under the 2012 Budget - to be a significant support for SMEs in the manufacturing, services and property sectors.

He said IRDA, is committed to reaching out to the region for awareness and to woo new investors.

Under Iskandar Malaysia's Development Roadmap, 2006-2010 was the planning phase.


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