Sunday November 29, 2009
MB: Impact of Dubai crisis on Iskandar minimal
TANGKAK: The Iskandar growth region in southern Johor is not expected to be affected by the Dubai debt crisis which jolted world financial markets on Friday.
Mentri Besar Datuk Abdul Ghani Othman said this was because only one company from Dubai had invested in a real estate sector in the growth region.
Speaking to reporters here, he said the company, Damac Properties, was involved in a property project on an eight-hectare site in the Iskandar region.
“Since only one company from Dubai is involved in Iskandar, we don’t think the Dubai financial crisis would have an effect on the regional growth area.
“Most of the investors in the growth area are from Saudi Arabia, Kuwait and Abu Dhabi,” he said after presenting 31 cows to villages in Ledang for the Aidiladha celebrations yesterday.
Abdul Ghani also said the Dubai company had yet to start operation.
News Poll
- Man posted doctored photos of Nik Aziz
- Heartbreaking wait for mum
- Sodomy II: Karpal claims judge lied (Updated)
- The world just got bigger
- Opposition leaders decry court’s ruling
- Thumbs-up for Najib
- Weather warning for Perak, Selangor and Sabah
- 5-0 for BN’s Zambry
- Saiful files report over death threat
- WWF: Orang asli being used
- 60 lose RM25mil in gold investment scam
- Canberra to set new skills list
- MAS offers CNY bargains
- Fleet card cloning ring busted with arrest of trio
- WWF: Orang asli being used
- Vietnamese plumber fined RM10,000 over RM75 bribe
- ‘Flashing candy’ a health hazard: Health Ministry
- Sodomy II: Karpal claims judge lied (Updated)
- Toyota puts the brakes on problem
- Manila joins hunt for Semporna gunmen
RSS
