Posts Tagged ‘iskandar regional development authority’

  1. Iskandar Malaysia: on the edge of glory or a billion-dollar failure?

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    January 20, 2017 by iskandarinsider

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    The Iskandar Malaysia development project was supposed to create an economic powerhouse that bridged the gap between Malaysia and Singapore. Ten years later, businesses have made it their new home but it is leaving investors disappointed.

    By Victoria Wah

    Iskandar Malaysia was once called, “one of the most ambitious development projects in the world.” Begun in 2006 it aimed to turn South Johor into a flourishing economic zone with three million people, 1.46 million jobs, and a gross domestic product of US$93.3 billion by 2025.

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  2. Move to strengthen Iskandar development region

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    October 24, 2016 by iskandarinsider

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    ISKANDAR PUTERI: Medini Iskandar Malaysia is in the midst of developing its global research initiative to strengthen Iskandar development region for the next 100 years.

    Dubbed Medini Iskandar Malaysia, it would be the Malaysia Biennial 100 Years City’s (Malaysia Biennial 100YC) first destination partner, researching models for the vibrant and sustainable urban development of Medini.

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  3. Johor Rehda targets more markets besides Singapore

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    September 19, 2016 by iskandarinsider

    bizd_pg3_sept13_ky_1JOHOR BAHRU: The Johor chapter of the Real Estate and Housing Developers’ Association Malaysia (Rehda) has plans to reach out to a wider market other than Singapore in promoting the state’s property projects, especially those in Iskandar Malaysia.

    Newly-elected Johor Rehda chairman Datuk Steve Chong Yoon On (pic) said the chapter would organise the first Malaysia Property Exposition (Mapex) International next year should everything go as planned.

    He said the time had come for Johor Rehda members to get their act together and start promoting Johor and Iskandar Malaysia to international property buyers. Johor Rehda has 128 developers, with most of their projects located in Iskandar Malaysia.

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  4. More theme parks planned for Iskandar Malaysia

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    July 26, 2016 by iskandarinsider

    Tee Siew Kiong

    JOHOR BAHRU: Iskandar Malaysia is set to become a regional theme park hub with more theme parks expected to be set up in the country’s first economic corridor.

    State Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong said the growth corridor would have eight theme parks within the next three to five years.

    “Talks are going on between the authorities and theme park operators from other countries planning to set up their theme parks in Iskandar Malaysia,’’ he told StarBiz on Saturday.

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  5. 10 key facts why Gerbang Nusajaya will be the game changer for the next phase of Iskandar Puteri

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    July 1, 2016 by iskandarinsider

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    With the iconic High Speed Rail’s location in Iskandar Puteri expected to be announced by both the Singaporean and Malaysian Prime Ministers in July this year, Gerbang Nusajaya is fast taking shape with a 25-year master plan that will complement Singapore’s very own Jurong Lake District.

    Google “Iskandar Malaysia” and you will find that out of ten stories, seven of them will most likely be adverse news reporting on the special economic zone.

    A combination of the ongoing 1MDB investigation in Singapore and the oversupply issue have resulted in a perfect storm brewing that had somewhat resulted in the rather lukewarm property market that Iskandar Malaysia is currently experiencing.

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  6. IRDA confident of achieving RM383bil investment target by 2025

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    June 8, 2016 by iskandarinsider

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    JOHOR BAHRU: Iskandar Regional Development Authority (IRDA) is confident of achieving the RM383bil investment target by 2025, despite facing challenges and unfavourable economic situation since its inception 10 years ago.

    Chief executive officer Datuk Ismail Ibrahim said while the journey for the country’s first economic growth corridor was not smooth sailing along the way, nevertheless it was able to overcome the choppy conditions.

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  7. Transforming Johor Bahru into an international city

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    May 16, 2016 by iskandarinsider

    20120906 - Johor Bahru causeway. Photo by CJS

    JOHOR BAHRU, capital of the country’s southernmost state, has gone through a tremendous transformation and revitalisation over the past few years.

    Prior to that, the heart of the old city had fallen into decline with the opening of the Customs, Immigration and Quarantine (CIQ) complex. According to architect Johan Ropi, this was because places such as the Lumba Kuda flats, Kampung Ungku Mohsin and Bukit Cagar recreation park were demolished to make way for the complex.

    “This sucked all the population out of the city. Things got worse after the CIQ opened and everybody started bypassing the city itself. When the government offices at Bukit Timbalan were relocated to Kota Iskandar, it killed the original function of the town,” he explains.

    Johor Bahru was established in the days when towns were built to cater for the needs of the local population rather than as a tourist attraction. Originally a small fishing village, it was turned into Johor’s administrative centre known as Iskandar Puteri by Temenggong Daeng Ibrahim in 1855. There, he built modern facilities such as police stations, courthouses and government departments. It was his son, Sultan Abu Bakar, who renamed the town Johor Bahru.

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  8. Investment haven in the making

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    May 9, 2016 by iskandarinsider

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    KUALA LUMPUR: Iskandar Malaysia in Johor is moving closer towards becoming a sustainable “international metropolis”, and spurring economic developments that actuate Malaysia’s global potential.   Analysts and industry observers are unanimous in that the business region is poised to be a haven for investments. After being left behind by property booms in Kuala Lumpur, Penang, Hong Kong and China over the years, Iskandar Malaysia is set to be one of the world’s fastest growing economic regions in the next 10 years. According to Iskandar Regional Development Authority (Irda) chief executive Datuk Ismail Ibrahim, the economic region, which is three times bigger than Singapore, had accumulated a total of RM202.45 billion in committed investments from 2006 until March. “Of the total, 51 per cent, or RM103.50 billion, represents investments that have been realised,” he told Business Times. Ismail said foreign investors contributed RM81.01 billion, or 40 per cent, to the total cumulative committed investments, while the remaining 60 per cent, or RM121.44 billion, was from local investors. PropertyGuru Malaysia country manager Sheldon Fernandez said many quarters’ perception of Iskandar Malaysia in the past was somewhat misguided. “The success of Iskandar Malaysia should not be viewed purely from the performance of its property market in the short term, but rather on a longer 10 to 20-year horizon and must include all its other components — industrial, commercial, business, foreign investments, technology and innovation,” he said. Sheldon added that the rise of Iskandar Malaysia should be viewed from how it transformed the landscape — bringing with it socio-economic prosperity to Johor and the southern region, with property forming only a part of the picture. “Such developments don’t happen overnight.

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  9. Iskandar Puteri aims to be business services outsourcing hub

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    May 3, 2016 by iskandarinsider

    Zulfiqar i2M

    AS A greenfield development, Iskandar Puteri in Johor, formerly known as Nusajaya, has gone through two growth phases — infrastructure and property development. The question now is what industry should be promoted to turn it into an economically vibrant city?

    The answer lies in its master plan and geographical location.

    Iskandar Puteri has never been planned to attract the agriculture or manufacturing industries. Its proximity to Singapore and lower cost base makes it a prime location for the global business services (GBS) outsourcing industry.

    Realising that the region offers tremendous opportunities for companies to benefit from the Singapore market while having a Malaysian cost structure, Khazanah Nasional Bhd set up i2M Ventures Sdn Bhd to promote Iskandar Puteri as a GBS hub.

    “i2m Ventures started in August 2013, but it came out of what was called the business services unit in the investment division of Khazanah,” i2M Ventures’ managing director Zulfiqar Zainuddin tells The Edge in a recent interview in Medini.

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  10. Iskandar Malaysia comes of age

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    December 12, 2013 by Melvin

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    For the next few years, many Johoreans, especially Johor Baru residents, were unsure about what Iskandar Malaysia was, let alone what to make of the ambitious master plan.

    Many did not understand that southern Johor would be transformed permanently into a future regional growth region, rivaling the many international cities around the world.

    It can be argued that most of the explanations were not communicated properly at that time by the Iskandar Regional Development Authority (Irda).

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