Iskandar Malaysia draws RM391.6b total investments: Johor MB.

Iskandar Malaysia draws RM391.6b total investments: Johor MB.

05 Sep 2023

Iskandar Malaysia achieved RM391.6 billion in investments since its establishment in 2006, to the first half of this year.

Another significant milestone, is its first half yearly secured committed investments of RM15.7 billion and RM8.4 billion in realised investments.

Johor Menteri Besar Datuk Onn Hafiz Ghazi said the investments translates to Iskandar Malaysia’s potential as a dynamic international metropolis.

“It shows that it is the preferred investment destination, thorough Iskandar Regional Development Authority’s (IRDA) collaborative efforts,” he said.

Onn Hafiz said during the recent 36th Meeting of the Approvals and Implementation Committee (AIC), various projects and infrastructure upgrades were discussed.

In line with Johor’s aim to be recognised as the first developed state in the country by 2030, numerous projects and upgrade works has been discussed, planned and approved.

Among them are the Iskandar Rapid Transit (IRT), Iskandar Malaysia Youth Hub Development and Iskandar Malaysia 2030 Low Carbon Community Master Plan.

He said although the planning and proactive actions towards the projects were encouraging, yet it is also important that they are monitored diligently to ensure its designated deadlines are met.

The menteri besar said the state was not merely thinking about bringing in investments purely, while closing an eye on environmental issues.

“That is not the Johor-way. Here, we balance development with people’s welfare in the heart, while the environmental matters will not be compromised.

“Iskandar Malaysia is committed to updating its climate mitigation targets, by aiming to reduce greenhouse gas (GHG) emissions intensity from 58 per cent to 70 per cent, compared to the 2010 baseline.

“This demonstrates the state government’s dedication, in collaboration with all agencies in Johor, to contribute globally to environmental sustainability and transition to greener energy sources,” he said.

The AIC meeting were attended by IRDA chief executive officer Datuk Dr. Badrul Hisham Kassim, International Trade and Industry Ministry deputy secretary general (Investment) Datuk Bahria Mohd Tamil, Finance Ministry divisional secretary (Strategic Management Division) Datin Rosni Mohd Yusoff, and ministry, agencies, department and local government representatives, among others.

Source: NST