Iskandar Malaysia’s 1H investments at RM13.2bil

KUALA LUMPUR: Iskandar Malaysia is RM13.2bil to the good in committed investments for the first half of this year (1H22).

Of this, RM5.9bil has been realised, Prime Minister Datuk Seri Ismail Sabri Yaakob said, adding that the investments achieved have proven that foreign investors are more confident to invest in Malaysia.

“A total of more than RM10bil will be generated by foreign investors in this region for the development of data centres,” he said.

The prime minister chaired the Iskandar Regional Development Authority (IRDA) meeting, together with Johor Menteri Besar Datuk Onn Hafiz Ghazi.

Ismail Sabri also stressed that these foreign investments would create additional job opportunities for Keluarga Malaysia.

“In total, more than 6,000 people in this region have received direct benefits from the socioeconomic initiatives that have been carried out,” he said.

Since its incorporation in 2006 until June 2022, Iskandar Malaysia recorded total investments of RM367.8bil, out of which 59.6% or RM219.2bil had been realised.

Out of the total investments, RM148.1bil constituted foreign investments. For the January to June 2022, Iskandar Malaysia registered RM13.2bil in committed investments whereby RM5.9bil had been realised.

Meanwhile, IRDA is formulating the Modern Agriculture Strategy in strengthening the food security agenda.

The development of 5G technology which is a key supporting component of modern agriculture is being accelerated in Iskandar Malaysia to address the food supply issue in the country.

This is in line with the government’s agenda to focus on food security through the allocation made under the 12th Malaysia Plan.

The Iskandar Malaysia Modern Agriculture plan would position IRDA as Malaysia’s Agrifood Hub.

IRDA is also drafting the Iskandar Malaysia Comprehensive Development Plan 2022-2030 which will make the region as one of the core areas of the national economy with the concept of sustainable development and resilient to future uncertainty, shocks and challenges. — Bernama

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