Iskandar attracts over RM10 bil investments in first half year
Iskandar Malaysia, the southern economic corridor, has attracted some RM10.67 billion in new investments for the first half of the year, Iskandar Regional Development Authority (IRDA) Chief Executive Officer, Datuk Ismail Ibrahim said.
From the establishment of the corridor in 2006 until end-June, Iskandar has secured cumulative investment of RM95 billion in various sectors.
Of the total, manufacturing and real estate development have drawn the most investments with RM32.71 billion and RM29.80 billion respectively.
Investments in the other sectors include RM9.52 billion in utilities; RM7.31 billion in government; RM5.10 billion in petrochemicals; RM3.74 billion in ports and logistics; RM2.03 billion in tourism; RM1.55 billion in education and RM1.60 billion in healthcare.
Domestic investments accounted for 62% or RM58.95 billion while RM36.50 billion came from foreign investors with Asian investors constituting 42%, while investors from Europe and the Middle East contributed 40% and 14% respectively, Datuk Ismail disclosed the data in a statement yesterday.
He said the agency is focusing on six service sectors- financial, logistics, healthcare, education, tourism and creative content as these sectors would be able to yield high economic multiplier effects.
IRDA is also looking into green technologies, green economy and low carbon society (LCS) which he said would be the trend, going forward.
He said a LCS Blueprint would be rolled-out soon, which is expected to set the trend for other Asean countries.
Meanwhile, Iskandar Malaysia is finalising preparations for the opening of Marlborough College Malaysia and the University of Southampton Malaysia campus in August and October respectively while Asia's first Legoland theme park here is scheduled to open this September.
Adapted from StarBiz 24 July 2012
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