Economic Corridors - Iskandar Malaysia - MIDA | Malaysian Investment Development Authority
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Economic Corridors – Iskandar Malaysia

Iskandar Malaysia

Established in 2006, Iskandar Malaysia is the first economic region in Malaysia and has experienced rapid growth since its inception. Strategically located in Johor, Malaysia’s southern most state, and neighbouring Singapore, the region benefits from abundant land, natural and human resources, and a strong and sustainable living environment.

 

Centrally positioned at the heart of the ASEAN region and along the world’s busiest shipping routes, Iskandar Malaysia is easily accessible. It is within a 6-hour flight of major ASEAN cities served by Senai International Airport, three (3) international ports, and a comprehensive network of highways and railway services.

 

The region hosts numerous international and multinational brands, demonstrating its many advantages and offerings as an economic corridor.

 

The development of Iskandar Malaysia is planned, facilitated, and coordinated by Iskandar Regional Development Authority (IRDA).

Focus Sectors

Iskandar Malaysia’s generous land area, strategic location and abundant infrastructure and resources have bolstered its nine (9) promoted sectors: electrical and electronics (E&E), petrochemical and oleochemical, food and agro-processing, logistics, tourism, creative industries, healthcare services, education services, and financial and business services.

Electrical and Electronics (E&E)

Petrochemicals and Oleochemicals

Food and Agro-Processing

Logistics

Tourism

Creative Industries

Healthcare Services

Education Services

Financial and Business Services

Industrial Parks

Iskandar Malaysia, a rapidly developing economic region in Johor, is home to several key industrial parks that play a pivotal role in driving the region’s industrial growth and economic development. Noteworthy among these are i-Park @ Indahpura, i-Park @ Senai Airport City, i-TechValley, Tanjung Langsat Industrial Complex, Sedenak Tech Park, and Nusajaya Tech Park. These industrial parks offer state-of-the-art facilities and strategic locations, making them attractive destinations for investors and businesses seeking to capitalise on Iskandar Malaysia’s robust infrastructure, excellent connectivity, and favorable business environment.

1
Sedenak Tech Park
2
i-Park @ Indahpura
3
i-Park @ Senai Airport City
4
Nusajaya Tech Park
5
i-TechValley
6
Tanjung Langsat Industrial Complex

Value Propositions

The Iskandar Malaysia Investment Service Centre (IMISC) is a one-stop centre that coordinates and facilitates investment-related services to ensure that investment coming into Iskandar Malaysia can be realised quickly and smoothly.

 

Operating under the purview of the Iskandar Regional Development Authority (IRDA), IMISC’s strength lies in its sanctioned connection with various federal and Johor state agencies and departments. Through these established relationships, investors need only to engage with IMISC for all their investment requirements as the centre will reach out to all the relevant authorities for the necessary advice and approvals.

 

IMISC services are divided into four areas – Investment Facilitation, Land & Development, Expatriate Services and Investment Incentives.

Heart of Asia

Strategically located in the heart of Asia, Iskandar Malaysia provides access to a market of over 5.6 billion people.

Large Area

With a land area of 2.217 sq. km., Iskandar Malaysia is three (3) times larger than Singapore.

Growing Population

Home to over 2 million people, Iskandar Malaysia’s population is projected to grow to 3 million in 2030.

Eco-Development

The region is meticulously planned with a balanced exo-development strategy and a conducive living environment.

Infrastructure

Offers exceptional connectivity and infrastructure, including international airport, railway, highways, and international seaports.

Renowned Brands

Hosts numerous big corporations and well-known brands.

Economic Focus

Anchored by nine (9) promoted economic sectors and designated to be the Smart Metropolis of Asia.

Professional Workforce

Boasts an abundance of professionals and skilled workforce.

Government Support

Benefits from strong and sustainable government support.

Investment Incentives

Iskandar Malaysia through, the Iskandar Malaysia Investment Service Centre (IMISC), provides the following services:

  • Facilitates and processes incentive applications for incentives granted under the Iskandar Malaysia Incentive Support Package.
  • Facilitates and processes incentive applications for Strategic Fiscal Incentive in Iskandar Malaysia.
  • Oversees the compliance and monitoring of the post-approval incentive applications.

Disclaimer: The incentives provided by IRDA are subject to expiration or revision. It is advisable to verify the current status and terms of the incentives as they approach their expiry date.

Facilitations

MIDA together with IRDA, is committed to providing industry-specific assistance, infrastructure support, networking opportunities, and capacity building to support investors interested in the region.

 

The establishment of Iskandar Malaysia Investment Service Centre (IMISC), a one-stop centre that coordinates and facilitates investment-related services, ensures that investment coming into Iskandar Malaysia can be realised quickly and smoothly.

 

Operating under the purview of the Iskandar Regional Development Authority (IRDA), IMISC provides end-to-end advisory and facilitation services in assisting investors obtaining various regulatory and approvals related to their investment activities.

 

IMISC services are divided into four areas – Investment Facilitation, Land and Development, Expatriate Services and Investment Incentives, as follows:

Investment Facilitation

  • Provides end-to-end advisory and facilitation services in assisting selected investors in obtaining various regulatory and approvals related to their investment activities.

Land & Development

  • Iskandar Malaysia Land Taskforce (IMLTF) Recommends solutions and expedites approval at the State Authority.
  • Planning and Design Review Committee (PDRC) Facilitates approval applications for developments in Medini and Puteri Harbour.
  • State Consent for Foreigners to Purchase Properties in Medini Facilitates approval applications for foreigners to purchase properties in Medini.

Expatriate Services

  • Provides online expatriate services via IRDA XPATNOVA for companies in Iskandar Malaysia to apply for Employment Pass (Cat I, II & III), Dependent Pass and Professional Visit Pass (PVP).
  • Offers the Malaysia Automated Clearance System (MACS) to help fast-track immigration clearance for non-Malaysia investors, business people, and professionals.
  • Facilitates 15% Tax Rate Scheme for qualified Knowledge Workers (returning Malaysians and new expatriates) working and residing in Iskandar Malaysia.
  • For online expatriate services, please visit https://app.xpatnova.com.my

Investment Incentives

  • Facilitates and processes incentive applications for incentives granted under the Iskandar Malaysia Incentive Support Package.
  • Facilitates and processes incentive applications for Strategic Fiscal Incentive in Iskandar Malaysia.
  • Oversees the compliance and monitoring of the post-approval incentive applications.

Through collaborative partnerships with various federal and Johor state agencies and departments, IMISC serves as the focal point for investors, facilitating engagement with local authorities to address all investment-related needs.

Through the sanctioned connections with various federal and Johor state agencies and departments, IMISC is the focal point for investors to engage with the relevant local authorities for all their related investment requirements.

 

Explore your investment opportunity in Malaysia. Contact us at MIDA and we would be happy to assist.

 

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