Iskandar Malaysia Attracting EU investment

Iskandar Malaysia Attracting EU investment

The Iskandar Regional Development Authority (IRDA) recently hosted representatives of the European Union (EU) on a trade mission to Johor. Led by Maria Castillo-Fernandez, Ambassador and Head of the EU Delegation to Malaysia, she was joined by 11 other EU Ambassadors in Malaysia.

Focusing on trade and investment as well as cultural exchanges, the three-day mission provided an open platform for dialogue and cooperation between the EU and the state.

Iskandar Malaysia Attracting EU investment
Datuk Ismail Ibrahim and Maria Castillo-Fernandez at the roundtable discussion in IRDA

“We want to have a first-hand look in terms of economic and business prospects and opportunities in Iskandar Malaysia,’’ said Maria Castillo-Fernandez after the roundtable discussion at IRDA.

The Head of the EU Delegation to Malaysia also believed that Iskandar Malaysia offers a fair playing field for investors from the EU.

Chief Executive of IRDA, Datuk Ismail Ibrahim said that Iskandar Malaysia is a vantage point in the ASEAN region for these European investors.

“With adequate infrastructures, good communication and connectivity in Iskandar Malaysia, we believe there will be more companies from the EU that will invest here,” said Ismail, adding that fields of medicine, education, logistics and tourism will be good investment prospects.

As of March 2017, cumulative investment in the region has reached RM227.67 billion with more than RM13 billion investments from the European Union including Spain, Germany, Netherlands and France.

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