Iskandar Malaysia is on the right track as the people who have invested in the project are not showing any signs of slowing down, Prime Minister Datuk Seri Najib Tun Razak said.
He said that the project had attracted a total of RM42.6bil in investments and 30% of the investments were “already on the ground.”
“I do not think there will be a slowdown in Foreign Direct Investment (FDI) coming into the country for the project,” Najib said, adding that Iskandar Malaysia was being developed in a prime area and had attracted a lot of international interest.
Najib, also the Finance Minister, reiterating his administration’s commitment to continue with the development of projects in the area started by his predecessor Tun Abdullah Ahmad Badawi in 2006.
Asked what he would tell Singapore’s leaders during his official visit to the island republic that also begins Thursday, he said, “I will tell them, ‘I have seen Iskandar Malaysia and it is a very promising and exciting development for Singaporeans to consider at a strategic level’.” (mailed to members on 21/5 4:15 pm) - related counters: Tebrau, Dbhd, UEMLand, MRCB . . .
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