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Iskandar Malaysia Targets RM100 Billion Investments By Year-end [ 04-09-2012 ]

JOHOR BAHARU, Aug 29 (Bernama) -- The Iskandar Malaysia Regional Development Authority (IRDA) is targeting investments of RM100 billion by year-end, said Chief Executive Datuk Ismail Ibrahim.

As of June, Iskandar Malaysia recorded cumulative committed investments of RM95.45 billion or US$30.24 billion.

"We are continuously working on wooing new investments and expansion of existing investments, and God willing, we are targetting to achieve the RM100 billion mark by year-end," he said at the opening of Frost and Sullivan's Global Innovation Centre (GIC) in Nusajaya.

Ismail said Iskandar Malaysia's achievements, thus far, has caught the attention of the international community.

An international publication, 'The fDi Magazine', owned by the Financial Times Ltd, recently conducted a global ranking of the economic zones all over the world.


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