Iskandar Malaysia records committed investments of RM302b

Knight Frank Malaysia managing director Sarkunan Subramaniam said in the statement various organisations had initiated incentives to encourage investment from both local and foreign investors in the region.

KUALA LUMPUR: The southern economic corridor Iskandar Malaysia recorded cumulative committed investment of RM302.09bil from 2006 to the first half of this year and based on the current performance pace, it is expected to exceed the targeted investment sum of RM383bil by 2025.

In a statement issued by Knight Frank Malaysia on Wednesday, RM172.2bil or 57% of the total investment had been realised as of the first half of 2019.