Iskandar Malaysia records RM158b in committed investments

KUALA LUMPUR: Iskandar Malaysia, the major development corridor in Johor, recorded a total cumulative committed investments of RM158 billion in the fourth quarter of 2014.

Iskandar Regional Development Authority (IRDA) chief executive, Datuk Ismail Ibrahim, said the targeted cumulative committed investments was RM383 billion.

"Since its establishment in 2006, domestic investments have been growing steadily, making up 67 per cent of RM158 billion and 33 per cent foreign investments.

"We are optimistic that from this year, we can expect a year-to-year of RM25-30 billion," he said at the launch of the third batch of the Iskandar Malaysia Creative Industry Talent Development Programme (IMCITDP) here today.

The programme is a collaboration between IRDA and Pinewood Iskandar Malaysia Studios.

In a partnership with Japanese digital post-production company, Imagica International Asia, four courses from a total of 28 courses, will be offered.

"IMCITDP aims to strengthen the level of professionalism and skills among film production personnel," Ismail said.-Bernama