Iskandar Malaysia registered a committed investment of RM5.27 billion in the first quarter of 2017, bringing total cumulative committed investment from 2006 to 31 March 2017 to RM227.67 billion, revealed Datuk Ismail Ibrahim, chief executive of Iskandar Regional Development Authority (Irda).
Ismail expects the third wave of investment to enhance Iskandar Malaysia’s entire eco-system as the spill-over effects will have higher impact on the economy, reported Bernama.
“In this third phase, Iskandar will focus on strengthening its infrastructure with state-of-art facilities which would also benefit the rakyat,” he said in a statement released after the 21st Members of Authority meeting on 18 April.
As the development progresses, Ismail expects Iskandar Malaysia to attract more people to work and live there, which would in turn help improve the public transport system.
“Iskandar Malaysia will embark on the Bus Rapid Transit (BRT) system to accommodate the targeted increase in population of up to three million by 2025. The first phase of BRT is expected to be ready by 2020.”
He noted that Iskandar Malaysia is also poised to be the preferred regional logistics hub, with Port of Iskandar Malaysia envisioned to be a world-class dynamic logistics and maritime hub in Asia-Pacific and Asean.
With the Johor International Youth Hub, Iskandar Malaysia also nurtured youths as well as efforts to sustain urban development via youth empowerment, added Ismail.
Among Iakandar Malaysia’s many developments are:
3-Storey Cluster Homes, Spring Meadow
Image sourced from The Star
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my
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