The Iskandar Regional Development Authority (IRDA) is optimistic that it can surpass the RM100 billion cumulative committed investments by year-end, according to a report by The Star.
Datuk Ismail Ibrahim, Chief Executive Officer of IRDA, said exceeding the RM100 billion mark would be a major achievement and will prove to sceptics that Iskandar Malaysia is indeed flourishing.
He noted that the region was able to withstand the challenges amid the global economic uncertainties and is expected to emerge stronger than before.
“Like in the stock market, it (the RM100 billion mark) is the psychological breakthrough and a defining moment for all of us in Iskandar Malaysia,” he explained, adding that IRDA will hold an event later this year to celebrate this milestone.
The event will be graced by Johor Mentri Besar Datuk Abdul Ghani Othman and IRDA Co-chairman Prime Minister Datuk Seri Najib Tun Razak.
He urged stakeholders to work even harder so that Iskandar Malaysia can attain the RM383 billion investment target outlined in the Comprehensive Development Plan.
He also revealed that Iskandar Malaysia has obtained RM95.45 billion of cumulative committed investments across various industries from 2006 to Q2 2012. Out of this figure, 43 percent or RM41.35 billion has already been realised.
“We are confident of attracting another RM4.55 billion in new investments from now until end of the year and these are coming from the manufacturing and the service sectors,” added Ismail.
Datuk Ismail Ibrahim, Chief Executive Officer of IRDA, said exceeding the RM100 billion mark would be a major achievement and will prove to sceptics that Iskandar Malaysia is indeed flourishing.
He noted that the region was able to withstand the challenges amid the global economic uncertainties and is expected to emerge stronger than before.
“Like in the stock market, it (the RM100 billion mark) is the psychological breakthrough and a defining moment for all of us in Iskandar Malaysia,” he explained, adding that IRDA will hold an event later this year to celebrate this milestone.
The event will be graced by Johor Mentri Besar Datuk Abdul Ghani Othman and IRDA Co-chairman Prime Minister Datuk Seri Najib Tun Razak.
He urged stakeholders to work even harder so that Iskandar Malaysia can attain the RM383 billion investment target outlined in the Comprehensive Development Plan.
He also revealed that Iskandar Malaysia has obtained RM95.45 billion of cumulative committed investments across various industries from 2006 to Q2 2012. Out of this figure, 43 percent or RM41.35 billion has already been realised.
“We are confident of attracting another RM4.55 billion in new investments from now until end of the year and these are coming from the manufacturing and the service sectors,” added Ismail.
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