Iskandar maintains investment momentum

 

ISKANDAR Malaysia is still maintaining its domestic and foreign investment momentum despite the global economic slowdown.

In fact, the southern economic corridor has attracted RM40.25 billion, which is 85.6 per cent of its target investment of RM47 billion it aimed to achieve by 2010.

“In 2006, the total investment secured was RM11.3 billion and last year, the total investment secured was RM14.5 billion,” said Iskandar Region Development Authority (IRDA) co-chairman Datuk Abdul Ghani Othman.

Ghani, who is also Johor Menteri Besar, said the total investment secured so far this year was RM14.45 billion.

“We are aware of the economic slowdown but Iskandar Malaysia is still moving forward as scheduled,” he told reporters in Johor Baru after delivering his keynote address at the Second Iskandar Malaysia Info Day at Persada Johor International Convention Centre.

Ghani also said that Iskandar Malaysia would not be affected by the priority restructuring of projects as announced by the government recently to strengthen the nation’s economy. — BERNAMA