Managing director Datuk Azman Mokhtar said currently, Middle Eastern investors made up the majority of investments in Iskandar, formerly known as the Iskandar Development Region (IDR).
“Everybody is welcome to invest here regardless of where they come from and we’ll always treat investors with the utmost respect,” Azman told StarBiz after attending the fourth Iskandar Regional Development Authority (IRDA) meeting chaired by Prime Minister Datuk Seri Abdullah Ahmad Badawi yesterday.
Abdullah and Johor Mentri Besar Datuk Abdul Ghani Othman are co-chairmen of IRDA.
Datuk Azman Mokhtar
Azman said Middle Eastern investors were attracted to Iskandar for its conducive investment environment.
“We never limit ourselves to investors from certain countries or regions and it so happens that Arab investors are coming here,” he added.
Earlier, at a press conference Abdullah said Iskandar had to date secured total investments valued at RM33bil, representing 70% of the RM47bil target by 2010.
Meanwhile, Ghani told StarBiz that the Malaysia-Singapore Joint Ministerial Committee for the Iskandar development would meet next month.
Asked if Minister in the Prime Minister’s Department Senator Datuk Amirsham Abdul Aziz would take over from former minister Datuk Seri Effendi Norwawi, Ghani said Abdullah would make an announcement soon.
The meeting will be the first after the 12th general election.
Ghani also said the state government would no longer use the terms low and medium cost houses in Iskandar region to better reflect the improvement in public housing.
He said 40% of the property development projects by the private developers in the region would be allocated for public housing scheme.
The allocation of RM200mil under the Ninth Malaysia Plan is for the construction of 2,000 houses in the first phase with a minimum built-up of 850-900 sq ft per unit from the present 650 sq ft.
By The Star (by Zazali Musa)
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