Optimistic to Achieve its Investment Target

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Iskandar Malaysia Recorded RM244.46 billion cumulative committed investments as at quarter 3 2017

Iskandar Regional Development Authority (IRDA) announced that Iskandar Malaysia had recorded total cumulative committed investments of RM244.46 billion from 2006 until end September 2017. Of this total, 54% or RM131.09 billion represent investments that have been realised.

To date, local investors had contributed RM149 billion (61%) to the total cumulative committed investments while the balance RM95 billion (39%) were contributed by foreign investors.

Datuk Ismail Ibrahim, Chief Executive of IRDA said that this reflects continuous investor confidence in Iskandar Malaysia as it moves towards its long-term development objectives.

As Iskandar Malaysia sails through its third development phase from 2016 – 2025 focusing on Sustainability & Innovation, IRDA had shared the results of its second Iskandar Malaysia Greenhouse Gas (GHG) Inventory 2016 at the Malaysia Pavilion during the Conference of Parties (COP) 23, in Bonn, Germany.

Datuk Ismail Ibrahim pointed out that “As the only economic region to participate in the carbon reporting, I was very happy to share our progress in monitoring Iskandar Malaysia’s GHG emissions by tracking the impact and performance of Iskandar Malaysia Low Carbon Society Blueprint (LCSBPIM) implementation”.

In addition, the Iskandar Malaysia smart city initiatives are in line with Johor State’s aspiration as mentioned in its 2018 Johor State Budget announcement recently.

Amongst initiatives supported by Johor state are Village Enhancement Programme which is an effort to preserve traditional village in Iskandar Malaysia and the Kursi Profesor Iskandar Malaysia as an effort to promote smart city development through wakaf concept.

“All these sustainable agenda is to make Iskandar Malaysia a smart metropolis that covers the economic, environmental and social aspects. It is our goal to ensure Iskandar Malaysia’s inclusiveness benefits the people not only in the region but also throughout the country, “said Datuk Ismail.