Iris sees development potential in countries in the Pacific

Tan: ‘I wouldn’t be surprised that property revenue will overtake trusted identification solutions turnover by 2017.’

PROPERTY development will become Iris Corp Bhd’s biggest earnings contributor by 2017 should plans put in place over the last two years bear fruit. While it is still early days, the agreements and proposals of the last few years is certainly setting the company on that path.

The technology-based conglomerate, better known for its smart card solutions for passport and other identity documents, is planning to develop property in Papua New Guinea’s (PNG) capital, Port Moresby, the neighbouring Solomon Islands and the tiny island-nation of Palau. This is in addition to inking another deal last month to jointly develop 11.69ha of land in Bukit Jalil, Kuala Lumpur with Technology Park Malaysia Sdn Bhd, a government agency and current projects joinly developed with other Malaysian government and state government agencies.