Iskandar Malaysia gets 12 new investments worth RM1.7 bln

JOHOR BAHARU (Dec 11): Iskandar Malaysia, which has so far received
committed investments totalling RM77.8 billion, has chalked up 12 new
investments worth RM1.73 billion.

Prime Minister Datuk Seri
Najib Tun Razak, who is on a day-long visit to Iskandar Malaysia,
witnessed the exchange of documents between the investors at Iskandar's
fifth anniversary celebrations at Puteri Harbour, Nusajaya Sunday.

The new investments are between Iskandar Investment Berhad (IIB) and
Frost and Sullivan, as well as Multimedia Development Corporation (MDEC)
for the establishment of the RM100 million Frost and Sullivan Global
Innovation Centre in Medini.

IIB and DHL have also agreed to
establish the Iskandar Malaysia DHL Supply Chain Centre of Excellence,
valued at RM0.5 million in committed investment.

University of
Reading of Malaysia will establish the University of Reading Malaysia
in Educity, Iskandar Malaysia with committed investment of RM135
million.

Other investments include by local developer Ra Ta
land Sdn Bhd for a 25-storey twin towers office project in Medini
North, Iskandar Malaysia worth RM250 million.

Johor
Corporation (JCorp) also entered into an agreement with three different
investors to lease and sell land in the Tanjung Langsat Industrial
Complex (TLIC).

The first agreement was between JCorp and Evyap
Sabun Malaysia Sdn Bhd to lease 22.57ha in TLIC to build an integrated
oleo-chemical plant worth a committed investment of RM350 million.

The second agreement involved JCorp and Kiswire Cord Sdn Bhd worth a
committed investment of RM300 million for the sale of 8.1ha of land at
TLIC to build a steel plant.

The third agreement, for a
committed investment of RM250 million, was between Jcorp and Mopuflex
Sdn Bhd for the lease of 5.95ha of land at TLIC to set up an E-House
for the oil and gas industry and a mobile platform unit for enhanced
oil recovery.

The Multimedia University and University of
Southern California also inked an agreement to establish a Cinematic
Arts programme at Educity.

Other investments were between
Multimedia University with Iskandar Education Enterprise Sdn Bhd, UM
Land with Seri Alam PROPERTIES []
Sdn Bhd and Raffles Campus Pte Ltd for the development of an
international school, Plus Berhad and Propel Berhad as well as between
Iskandar Malaysia Studios Sdn Bhd with Universiti Teknologi Mara. -
Bernama

i wonder how many billions RM went into najis's pocket