Iskandar confident of RM30bil new investments this year


NUSAJAYA: Economic growth corridor Iskandar Malaysia is confident of achieving the RM30bil target set for new investments this year based on its achievement since its launch nine years ago.

Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said it had already received RM3bil in new investments in the first quarter of the year. Irda is the regulatory authority mandated to plan, promote and facilitate the development of Iskandar Malaysia.

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