Iskandar Investment signs RM9bil strategic partnership with TM-Nxera

IIB said the strategic partnership with TM-Nxera marked a significant milestone towards Johor’s aspiration of becoming the digital and innovation hub.

PETALING JAYA: 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 RM9bil 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 or Singtel.

In a statement yesterday, IIB said the strategic partnership with TM-Nxera to establish state-of-the-art sustainable, hyper-connected and artificial intelligence-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 RM70bil 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 in Medini.

It 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 paved the way for a brighter future driven by innovation and economic growth. —Bernama

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