IIB inks strategic partnership with TM-Nxera

ISKANDAR PUTERI: Iskandar Investment Bhd (IIB), the master developer of Iskandar Puteri, via River Retreat Sdn Bhd, has entered into a strategic partnership with TM-Nxera that will entail an approximate RM9 billion investment by the parties to develop the digital infrastructure for the area.

TM-Nxera is a joint venture of Telekom Malaysia Bhd (TM) and Singapore Telecommunications Ltd (Singtel).

In a statement today, IIB said the strategic partnership with TM-Nxera to establish state-of-the-art sustainable, hyper-connected, and artificial intelligence (AI) ready digital infrastructure in Iskandar Puteri marked a significant milestone towards Johor’s aspiration of becoming the digital and innovation hub.

It said the collaboration aligned with Malaysia’s national agendas, including the MyDIGITAL Blueprint, which emphasises the importance of digital infrastructure in driving a digitally enabled government and economy.

"It also supports the nation’s goal of attracting RM70 billion in investments by 2025 as outlined in the MyDIGITAL Blueprint and National Industrial Master Plan 2030,” it said.

IIB said the new digital infrastructure would create numerous benefits for Iskandar Puteri, unlocking opportunities and creating value in several ways.

"It will increase investment opportunities by attracting new technology companies and stimulating tech-based investments.

"Additionally, it will upskill the workforce by providing opportunities for local talent to develop digital skills,” it said.

IIB said the infrastructure would be built with a focus on sustainability, aligning with IIB’s vision for a Net Zero Carbon central business district (CBD) in Medini.

"This development will enhance the business ecosystem by facilitating the growth of various technology-driven industries within Iskandar Puteri.

"Furthermore, it will increase subsea connectivity between Johor and Singapore, supporting the development of the digital economies in both regions,” it said.

IIB said with a shared commitment to progress and prosperity in the region, the strategic partnership strengthens the dynamic relationship between Johor and Singapore, underscoring initiatives that pave the way for a brighter future driven by innovation and economic growth.

"Both parties are confident in the partnership’s ability to not only bolster Iskandar Puteri’s digital infrastructure but also unlock exciting potential for innovations and opportunities.

"Together, they aim to transform Iskandar Puteri into the preferred gateway to Southeast Asia and a beacon of innovation, sustainability, and economic prosperity,” it added.

Meanwhile, TM group chief executive officer (CEO) Amar Huzaimi Md Deris said the strategic move underscores TM’s commitment to advancing technology and fostering innovation in Malaysia.

"Johor is a key destination for TM’s digital infrastructure expansion, supported by our robust domestic and international connectivity.

"The partnership is a pivotal step in our mission to position Malaysia as a regional digital hub and towards our vision of becoming a Digital Powerhouse by 2030,” he said.

Nxera and Singtel’s Digital InfraCo CEO Bill Chang said the initiative aligned perfectly with the company’s vision to empower digital economies and communities across the region.

"And we are confident that it will unlock immense potential for businesses in Johor and Singapore,” he added. - Bernama