Budget the right push for Iskandar Malaysia


  • Metro News
  • Monday, 05 Nov 2018

JOHOR BARU: The Iskandar Regional Authority (Irda) says Budget 2019 will help to drive development and progress at Iskandar Malaysia to become an international metropolis by 2025.

Irda chief executive officer Datuk Ismail Ibrahim said the national budget was also in tandem with its Comprehensive Development Plan ii (CDPii) in carrying out initiatives to become a regional economic powerhouse.

“The budget will create confidence among domestic and foreign investors to continue investing in Iskandar Malaysia,’’ he said in a statement.

Ismail said this would create economic benefits not only to Johor but also Malaysia, adding that Irda was confident of achieving the RM383bil target investments by 2025.He said the economic creative segment in Iskandar Malaysia would get a boost with RM100mil special allocation from Khazanah Nasional Bhd for film production activities at Pinewood Iskandar Malaysia Studios.

 

 

Johor Corporation president and chief executive officer Datuk Kamaruzzaman Abu Kassim said overall, the freshly unveiled 2019 budget reflected the Government’s strong commitment towards growth and sustainability.

“This is also evidenced by the brave and structured steps towards fiscal reforms, especially in the area of fiscal governance,’’ he said.

Kamaruzzaman opined that foreign direct investment (FDI) and domestic direct investment (DDI) would remain strong with the budget further promoting the fundamentals conducive to investments.

He said there was also a lot more clarity around the Government’s plans in accelerating local capabilities in spearheading digital economy, increased focus on building capabilities and increased emphasis on building local industries as a means to boost growth and productivity.

Kamaruzzaman also pointed out that the increased focus and a more structured mechanism towards delivering affordable housing would definitely help to reignite growth in the housing sector.

Iskandar Investment Bhd (IIB) said the Government’s support for the digital economy would be a boost for IIB and Iskandar Puteri, as the company’s economy would be in a strong footing through its many direct and indirectly-related projects in Iskandar Puteri.

The company highlighted that the smart city had been known for several pro-active initiatives, such as the Iskandar Space that is a co-working space for start-ups, SMEs and entrepreneurs, the Iskandar Data Hub in Sedenak and the synergy of its Living Lab approach.

“E-sports, which received an allocation of RM10mil to push its development further, has had a home in Iskandar Puteri for quite some time through its e-sports excellence centre,’’ the statement read.

It noted that in the near future, IIB would look into making Virtual Reality a part of daily life and operations at Iskandar Puteri.

It also pointed out DHL’s Global Centre of Excellence in Medini 6, whose key activity was to provide logistics, was another beneficiary of the budget.


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