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Iskandar Malaysia Biz watch 201212
1. Issue 12/2012 31 Dec 2012 Cumulative Committed Investment Year on Year
(until November 2012)
Iskandar Malaysia Progress Update 2012
Since the inception of Iskandar Malaysia in year 2006,
Iskandar Malaysia has made much progress with cumula-
tive investments hitting more than RM100 billion (from
2006 until Nov 2012).
Our development plan as set out in the Comprehensive
Development Plan (2005—2025) looked at the holistic
and sustainable of Iskandar Malaysia. Central focus re-
mains a balance of economic growth, social inclusiveness
and environment sustainability.
Cumulative Committed Investment Year on Year
2012 has been identified as our tipping point year when (until November 2012)
we entered into Phase 2 (2011—2015) of the 20 year de- Foreign vs Local
velopment period of the Comprehensive Development
Plan. In this beginning of Phase 2, Iskandar Malaysia has
completed several important milestones.
Key road infrastructure projects have been completed as
are several catalytic projects that will further spur growth
and investment in the important Phase 2.
Investment Updates
As a result of a stronger collaboration with key stakehold-
ers especially with MIDA, MITI and Johor State Invest-
ment Centre to continuously promote and market Iskan- pecting the manufacturing sector to lead moving forward to
dar Malaysia as a preferred global investment destination year 2013.
of choice, investment flows to Iskandar Malaysia contin-
ued to be on the rise. Top Foreign investors (by countries)
Singapore remained our top foreign investor followed by
As at November 2012, total cumulative committed investment
for Iskandar Malaysia for the period of 2006 to November 2012, Spain, Japan and the Netherlands. This can be attribut-
stood at RM105.14 billion, up 24% from RM84.78 billion record- ed to the better bilateral ties and Government-to-
ed last year. Government initiatives.
1. Singapore
From the total cumulative committed investments of RM105.14 2. Spain
billion, 64% or RM67.69 billion were domestic investments while 3. Japan
the remaining 36% or RM37.45 billion were foreign investments. 4. Netherlands
5. United Arab Emirates
Among the notable committed investments in the last eleven 6. Australia
months of 2012 were: 7. Lebanon
1. Tenaga Nasional for better transmission projects in Is- 8. France
kandar Malaysia. 9. China
2. Sunway – Khazanah to develop the Wellness Resort City 10. Germany
in Medini (Source: MIDA (for manufacturing statistics), IRDA)
3. Dato’ Onn International Specialist Hospital.
4. Redevelopment of KOMTAR and Plaza Kotaraya by Jo-
hor Corporation. We can continue to expect strong interest from Singapore to
5. South Key Megamall invest in Iskandar Malaysia following the Singapore’s Govern-
6. Gerbang Nusajaya (Ascendas and UEMLand) ment strategies to move its manufacturing activities outside
Singapore. Target sectors will remain manufacturing
Investments in manufacturing and properties continued to be (especially food processing) and services (education and
main chunk of the investments to-date, with each of the sectors healthcare)
carrying 32% and 33% respectively. However, we are still ex-
2. Iskandar Malaysia Progress Update 2012
IM BizWatch
Operationalisation of Key Catalytic Projects
Iskandar Malaysia Progress Update 2012
Education
The year 2012 has seen several international universities and Tourism—Theme Parks in Iskandar Malaysia
colleges starting their operations in Iskandar Malaysia. Raffles
University Iskandar, University of Southampton Malaysia Cam- LEGOLAND MALAYSIA
pus and the Marlborough College Malaysia were some of the
few educational institutions that opened in 2012.
Raffles University Iskandar
Opened in May 2012 with temporary campus at Kota-
raya.
Opened 15 Sep 2012
76 Acres
7 Themed Areas
University of Southampton Malaysia Campus 40 Interactive Rides
Opened on 1 October 2012. 50 million LEGO bricks
2 + 2 Engineering Programme (Mechanical Engineering) Largest Miniature park
250,000 visitors from Septem
ber 15, 2012 to November 15,
2012
Puteri Harbour Family Theme Park
Soft launch on October 26, 2012
Official opening on December 6, 2012
Visitors: 15,000 since soft opening
Marlborough College Malaysia
Opened on 27 August 2012.
350 students, 30 nationalities, more than 270 internation-
al students
50% from Singapore (expatriates)
The opening of LEGOLAND and Puteri Harbour Family
Theme Park are driving visitors into Iskandar Malaysia. For
the month of November and December 2012, many hotels in
Johor were operating at full occupancy.
LEGOLAND annual passes which cost RM195 (pre opening)
are now selling for RM325.
With these two themeparks and more underway, Iskandar
Malaysia will have more tourism products and this create op-
portunities in the hotel industry.
3. Iskandar Malaysia Progress Update 2012
Infrastructure and Enablers
IM BizWatch
Safety and Security Program Outcome
The government has allocated and spent approximately RM7.3
billion in Iskandar Malaysia since 2006 on roads, drainage and
river-cleaning, public housing and public transportation im-
provement.
24% dropped in street crime, 10% crime index
Outcome of survey: 95% of respondents agreed that
level of security improved and fear of crime improved
with Community Police Posts (CPPs) set up in housing
areas.
JB Transformation Programme
The public money spent on to improve infrastructure have im-
proved connectivity significantly within the region and this has
been a key factor to drive investments and to bring growth in
other areas within and outside the Flagships for a more bal-
anced development within Iskandar Malaysia.
Transport and Connectivity Outcome
One key project under Johor Bahru City Rejuvenation Pro-
gramme is the Sungei Segget Rehabilitation.
Budget allocated = RM220 million.
Tender for Package 1: Centralised SewerageTreatment
Plant issued out on 25 Dec 2012 to close on 1 March
2013. Work on Package 1 to commence in April 2013 to
complete by end 2015.
Tender for Package 2 will be issued in early 2013 with
The opening of Coastal Highway now provides two direct ac-
work to complete by end 2015.
cess to Nusajaya. The Eastern Dispersal Highway and the
Southern Link Expressway help alleviate traffic heading to- Test implementation of new traffic system carried out in
wards the Eastern side of Johor. And the Senai Desaru Ex- December 2012
pressway not only cut short the distance to Desaru and
Pengerang but will open up more development opportunities By end 2015, the completion of the Sungei Segget Rehabilita-
along the way. tion Project will change the face of Johor Bahru City and will
spur more investments to redevelop the city centre.
4. Iskandar Malaysia Progress Update 2012 IM BizWatch
Human Capital and Talent Management Program Community Development
Housing and Spatial
Total jobs created in the 9 economic sectors (Jan—June
2012) = 54,184 of which 31% are from skilled and semi-
skilled level
Total jobs created in Iskandar Malaysia from 2006—June
2012 = 386,000 (CDP target: 800,000 jobs)
BizWatch comments….
The year 2012 closed on track with cumulative invest-
ments exceeding RM100 billion (CDP target of
RM383 bil by 2025). The cumulative investments will
spur more investment interest and we would need to
work harder and smarter to realize these investments
as well as new investments.
Economic and Social Inclusion Besides economic growth, social development is an
important agenda where job opportunities, economic
inclusion, mindset change and affordable housing
must be in place.
We must also continually work towards improving the
enablers (transportation, safety and security, utilities )
and to enhance the business eco-system (including
improving business processes) to make doing busi-
ness easier and more efficient.
Editorial
Economic Intelligence
Iskandar Regional Development Authority
Low Mei Leong meileong@irda.com.my
Arif Kasmuri arif.kasmuri@irda.com.my
Articles are adapted from public documents. Comments are per-
sonal views of authors and professional advice should be sought
when making business decisions. IRDA will not be liable for the
accuracy and/or validity of the above statements.