THIS year will be the tipping point for Iskandar Malaysia, says Iskandar Regional Development Authority (Irda) chief executive officer Ismail Ibrahim (pic) in an email interview. From the time the project was launched by former premier Tun Abdullah Ahmad Badawi to March this year, the growth corridor had a total cumulative committed investments of RM87.56bil versus the targeted amount of RM47bil needed for its first phase (2006-2010).
Of that total, 61% are from domestic investment (RM53.3bil) and 39% are foreign investment (RM34.21bil). A total of 43% has been spent on the ground for projects and infrastructure. Many catalytic development and infrastructure projects would be completed and operational. The focus will also be on the creative, tourism, oil and gas and education sectors.
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