Project briefing: Lim (left) and Hasni (second from right) looking at the development project during the MoU signing in Johor Baru yesterday.
JOHOR BARU: Johor received its largest foreign investment in Iskandar Malaysia after the Covid-19 outbreak when Iskandar Waterfront Holdings (IWH) inked a deal with Metallurgical Corp of China Ltd (MCC) to develop 60ha of prime commercial land in Skudai here.
IWH’s subsidiary Danga Heights Development (DHD) and MCC Singapore, a subsidiary of the Chinese company, have formed a joint venture to develop the area over the next 10 years. It is expected to yield a gross development value (GDV) of RM8bil.
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