Wednesday, July 25, 2012

Iskandar Malaysia bags RM10.67b new investments




Iskandar Malaysia clinched RM10.67 billion of new committed investments in the first half of 2012, according to a report by Bernama.
Datuk Ismail Ibrahim, Chief Executive Officer of Iskandar Regional Development Authority (IRDA), said that the region's total cumulative committed investments from 2006 to June 2012 reached RM95.45 billion.
"Forty-three percent of the committed investments were already realised," he noted, adding that "domestic investments constitute 62 percent (RM58.95 billion) of the total investments of RM95.45 billion, while the remaining 38 percent (RM36.50 billion) is from overseas."
"Key investments to date are represented by Asia (42 percent), Europe (40 percent) and the Middle East (14 percent)."
Since 2006, Iskandar Malaysia's property sector recorded cumulative committed investments of RM29.80 billion, while the manufacturing industry posted RM32.71 billion.
Investments for other sectors were healthcare (RM1.60 billion), education (RM1.55 billion), tourism (RM2.03 billion), ports and logistics (RM3.74 billion), petrochemicals (RM5.10 billion), government (RM7.31 billion) and utilities (RM9.52 billion).
IRDA is also focusing on six service sectors namely, creative content, tourism, education, healthcare, logistics and financial, due to the region's high economic multiplier effect.
"We are also exploring Green Technologies, Green Economy and Low Carbon Society (LCS) which are the future trends. IRDA is soon to launch its LCS Blueprint which is expected to be the trendsetter among ASEAN countries," he said.
Meanwhile, Asia's first Legoland theme park is slated to open in September while the opening of University of Southampton Malaysia and Marlborough College Malaysia are expected in October and August, respectively.

No comments:

Post a Comment