Iskandar MalaysiaWritten on 13/05/2013 08:51
Iskandar Malaysia is located in the State of Johor, the most rapidly developing area in the south of Peninsular Malaysia where living, entertainment, environment and business merge to form a progressive and viable metropolis. It is only 4 to 8 hours by flight from the rapidly growing Asian cities such as Bangalore, Bahrain, Delhi, Dubai, Hong Kong, Hanoi, Ho Chi Minh City, Shanghai and Taipeh. It is also located within the reach of a global market covering roughly 800 million people.
Iskandar Development Region covers an area of 2.217 square kilometers (221.634 hectares) equivalent to more than trice the size of Singapore and twice the size of Hong Kong. The areas within it are Johor Bahru District and part of the Pontian District namely, Mukim Jeram Batu, Mukim Sg. Karang, Mukim Serkat and Pulau Kukup (Mukim Ayer Masin).
Iskandar Malaysia’s population is estimated to be 1.35 million (or 43% of the population of Johor, which has a total of 3.17 million in 2005), with workforce making up approximately 66% of this population.
The developmet of Iskandar Malaysia is based on four key components, as follows:
- Drafting of a Business Master Plan, the Comprehensive Development Plan (CDP)
- The establishment of a strong regulatory body, the Iskandar Regional Development Authority (IRDAI) that will plan and facilitate approval through a one-stop center and to address social development.
- Establishing a Joint Venture Developer namely South Johor Investment Corporation Berhad (SJICB) that will catalyse development in Iskandar
- Handing out incentive packages to catalyse initiatives
Vision of Iskandar Malaysia:
- Iskandar contributes 60% GDP of Johor, with services sector becoming the main driver of growth
- Provides many educated and skilled workforce with fluency in English, Bahasa Malaysia and other international languages such as Mandarin
- Mixture of new development frontier and redevelopment with the cost of living lower than Singapore and Hong Kong
- Latest telecommunications infrastructure
- Efficient and transparent initial institutional framework
- World-class land, sea and air cargo facilities, which provide conventient handling of raw material for supply and distribution
- The modern airport in Senai, handled 1.25 million visitors and more than 7,500 tons of cargo in 2005
- The Port of Tanjung Pelepas and Port of Pasir Gudang – are world-class transhipment cargo ports of Malaysia
- Excellence in knowledge-based sectors such as information technology, biotechnology, tourism, education and health care, Islamic financing, manufacturing and the electrical and electronics industries
- International tourist destination and a good sports facilities, including shopping facilities and health care & wellness
- Low inflation rate (less than 3.5%)
The advantages above will facilitate and sustain a complete lifestyle development concept with a mix of culture, heritage and a balanced eastern architectural style, combined with the latest technology, as well as world-class logistics and security system.
More information is available on the Official Iskandar Malaysia WebsiteThis page has been read 22571 times