Mar 2009 – Updates to Iskandar Malaysia

March 14th, 2009 stephen.wong

With the economic crisis still looming, Johoreans are hoping that Iskandar Malaysia will be the catalyst to turn around their fortunes. Recent updates on Iskandar Malaysia do indeed look promising.

 
1. Iskandar Malaysia aims to attract US$13billion of investments by end of year 2010.
As of Mar 2009, US$12billion worth of investments has already been made in Iskandar Malaysia. This is only US$1billion away from target.

2. Next set of Danga Bay projects are set to commence by April 2009
The construction of a 28-storey tower of serviced apartments called Oakwood Residence Johor and two 38-storey towers of residential units called Iskandar Residences will start in Danga Bay, part of the Zone “A” economic zone in Iskandar Malaysia.

3. Aero Mall set to open end 2009
Set in the exterior of Senai Airport (Zone “E” of the economic zone in Iskandar Malaysia), the first stand-alone and external airport mall in Malaysia offers 3,716.12 sq m of retail space. Aero Mall will be open to public by end of 2009.

4. Malaysian Government to add RM10bil to Khazanah Fund
The additional funding to Khazanah Fund will come from the Government stimulus package and will aid domestic investments (which potentially can include Iskandar Malaysia) and create more job opportunities.

5. Trial Run of traffic management plan
Under the 9th Malaysia Plan (9MP), traffic diversion and new traffic flows are successfully tested on major roads in Johor on Feb 2009. This exercise will assist in planning and optimising traffic within Iskandar Malaysia.

Subscribe to our newsletter for the latest updates to Iskandar Malaysia! Enter your email address below:

Entry Filed under: Iskandar Malaysia