Iskandar expected to be self-sustaining in less than 10 years

Ismail: ‘We are only going for long-term investors.’

JOHOR BARU: Iskandar Regional Development Authority (Irda) expects the country’s first economic growth corridor to be a “self-sustaining region” in less than ten years, spurred on by a steady stream of domestic and foreign investments.

“We are confident of achieving total target of about RM383bil when the economic growth corridor reaches maturity in 2025 based on Iskandar Malaysia’s annual growth of between 7% and 8%,” chief executive officer Datuk Ismail Ibrahim told StarBiz.