Consolidating resort group

Rated 3.94/5 based on 889 customer reviews

Cumulative investment over the period should stand at RM383bn (.4bn) after an average annual GDP growth of 8%. According to the IRDA, as of the end of financial year 2011, an initial RM47bn (.2bn) investment goal had been achieved, with total committed domestic and foreign investments since 2006 amounting to more than RM70bn (.6bn).

At 221,634 ha of land, the region covered by IM includes the new administrative capital of Nusajaya, the city of Johor Bahru and Johor-Bahru district, along with parts of the neighbouring district of Pontian.Looking ahead, during the period 2011-15, officials project IM’s employment opportunities to more than double to an estimated 55,730 jobs.The bulk of these new jobs will be generated by the creative sector, with projects such as Pinewood Iskandar Malaysia Studios and MSC Cyberport expected to open up 18,000 new employment opportunities.The resolution has opened avenues for more cooperation between Singapore and IM, such as recently announced plans by Singapore’s government to invest in a joint venture wellness centre at Gleneagles Hospital in Nusajaya.Another development in Johor Bahru City that is catching the eyes of Singaporeans and Malaysians alike is the Danga Bay waterfront project.

Leave a Reply