Business News

Published: Wednesday April 24, 2013 MYT 12:00:00 AM
Updated: Friday April 26, 2013 MYT 12:39:56 AM

Iskandar Malaysia gets RM5.06b new investments in Jan-March

KUALA LUMPUR: Iskandar Malaysia recorded RM5.06bil in new investments in January-March of 2013.

It said on Wednesday the cumulative committed investments from 2006 to end-March 2013 totalled RM111.37bil.

“Of the total cumulative committed investments, RM44.82bil, or 40.2%, represents investments that have been realised,” it said.

Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim said the Q1, 2013 results showed that Iskandar Malaysia “continues to receive strong support and patronage from both local and foreign investors in spurring its growth”.

He described the investment as indication of the high level of confidence stakeholders had in the various initiatives implemented in Iskandar Malaysia.

Top of the list of cumulative committed investments was manufacturing at RM35.33bil, petrochemicals & oleo-chemicals (RM5.95bil), logistics (RM4.43bil), tourism (RM2.23bil), healthcare (RM1.6bil), education (RM1.55bil), financial services (RM600mil) and creative industries (RM400mil).

Ismail said property development's cumulative investments were RM40.42bil as at March 31, 2013. They comprised of residential, retail and industrial segments.

Utilities accounted for RM9.53bil, government investment, mainly in infrastructure and public works (RM8.31bil) and emerging technologies (RM1.03bil).

Tags / Keywords: News, Business, Iskandar Malaysia, new investments, Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim, Business, Property

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