Transforming Iskandar: RM40.3 Bln Investments in 9 Months Signal Economic Surge – pm

PM Datuk Seri Anwar Ibrahim chaired the 33rd meeting of the Iskandar Regional Development Authority (IRDA). Pix credit FB Anwar Ibrahim Official

By RABIYATUL ADAWIYAH

KUALA LUMPUR, Oct 24 – In a significant boost to Malaysia’s economic landscape, Prime Minister Datuk Seri Anwar Ibrahim revealed that Iskandar Malaysia has attracted RM40.3 billion in committed investments for the first nine months of the year, with RM22.5 billion already realized.

The announcement was made during the 33rd meeting of the Iskandar Regional Development Authority (IRDA), which the Prime Minister chaired.

The meeting also addressed various strategic issues and initiatives for Iskandar Malaysia, including the Johor-Singapore Special Economic Zone (JS-SEZ), which is expected to drive substantial economic growth for the nation.

Highlighting the importance of efficient implementation, Anwar emphasized, “The establishment of the Invest Malaysia Facilitation Centre Johor (IMFC-J) underscores the need for effective execution in terms of process and approval timelines, aligning with the government’s strategy to facilitate business operations.”

In the context of Johor, the Prime Minister stressed the urgency of promptly and effectively implementing new and ongoing projects announced in the 2025 Budget.

Additionally, Johor is set to benefit from hosting several meetings under Malaysia’s ASEAN Chairmanship in 2025.

“The resulting benefits can only be realized through integrated and effective planning and execution,” PM Anwar concluded, underscoring the importance of cohesive efforts in driving regional development.

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