Iskandar Malaysia secures RM26.77bn in investments

GMT 01:29 2015 Thursday ,12 March

Arab Today, arab today Iskandar Malaysia secures RM26.77bn in investments

Iskandar Malaysia
Kuala Lumpur - QNA

Iskandar Malaysia secured RM26.77 billion in new investments last year, bringing the total cumulative committed amount to RM158.3 billion since 2006.
In 2013, the new investments were RM25.05 billion.
Iskandar Regional Development Authority chief executive, Datuk Ismail Ibrahim, said of the total, RM77.07 billion, or 49 per cent, represented investments that had been realized.
He said the figure showed that Iskandar Malaysia continued to do well despite the challenges facing the global economy.
"It also shows the confidence in Iskandar Malaysia, especially among local investors, with domestic investments making up RM101.14 billion, or 64 per cent, of the total cumulative committed investments to date," Ismail said in a statement here Tuesday.
Of the total cumulative committed investments, 36 per cent, or RM56.99 billion, came from foreign investors, he said.
From January until September last year, top foreign investors were Singapore, US, Spain, Japan and China.

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