Idzham (centre, in white) with media members at the event in Johor Baru.
Corporation aims to strengthen investment value in Johor’s 902.4ha Medini
AFTER a period of internal restructuring, Iskandar Investment Bhd (IIB) is looking forward to several exciting developments.
Its president and chief executive officer Datuk Idzham Mohd Hashim said for the past one-and-a-half years, IIB went through a lot of reorganising to enable it to better position itself to the public.
“IIB is a government-linked corporation with shareholders like Khazanah Nasional Bhd, Employees Provident Fund and Kumpulan Prasarana Rakyat Johor.
“We started in 2006 as a catalytic developer that implemented various government initiatives, such as constructing roads, a highway and infrastructure like the EduCity sports complex.
“We aim to continue our socio-economic agenda for the rakyat because we want to make sure there is inclusive growth without leaving anyone behind,” he said at a dinner for media members in Johor Baru, Johor.
Idzham added that for the past year, Johor has seen many developments, including the Johor-Singapore Special Economic Zone (JS-SEZ) that is set to drive growth.
Previously, he had said the upcoming JS-SEZ initiative would strengthen Medini’s position as a major investment destination in Iskandar Puteri.
He said the zone could draw value-added investments and generate economic opportunities in Johor.
“IIB is committed to supporting and facilitating the specific needs of industries in Medini,” he said.
According to the IIB website, Medini, which sprawls over 902.4ha, is poised to be Iskandar Puteri’s central business district.
Over RM1.4bil has been spent on building infrastructure such as utility pipes, roads and sewerage system that is ready to be connected.
This allows investors to enter Medini on a “plug-and-play” basis.
The JS-SEZ will be located in the Iskandar Malaysia region in Johor, covering an area of more than 3,000sq km, approximately four times the size of Singapore.
Both countries signed a memorandum of understanding on Jan 11 to collaborate on developing the JS-SEZ, especially in electronics, financial services, business-related services and healthcare.
A committee was then formed, jointly-led by Malaysia’s Economy Ministry and Singapore’s Trade and Industry Ministry, to formulate a definitive JS-SEZ implementation agreement towards the end of the year.
