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18 Feb visit to iskandar by PM Lee PDF Print E-mail
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Tuesday, 05 February 2013 11:19

Singapore Prime Minister Lee Hsien Loong's visit to Iskandar Malaysia is on Feb 18.

Bernama report: Iskandar Malaysia Eyes RM15-RM21 Billion Investments This Year


JOHOR BAHARU, Feb 5 (Bernama) -- Iskandar Malaysia development region is expected to attract RM15 billion to RM21 billion in domestic and foreign investments this year.

PM Lee is expected to be in Iskandar to officiate at the development of the Wellness Township project, one of the iconic projects to be jointly developed by Khazanah Nasional and Temasek Holdings. The Singapore prime minister's visit represents a clear sign on the huge and healthy potential of Iskandar Malaysia.

Recently, Iskandar Malaysia, which spans 2,217 sq km, has received increased investments from Singaporean companies such as the RM3 billion integrated eco-friendly tech park by Ascendas, under a joint venture with local developer UEM Land.

Apart from that, Singapore billionaire Peter Lim will also invest RM3 billion to build an 'Auto City' in Nusajaya, with Formula One track facilities, also on a joint venture with UEM Land.