Which sectors does Iskandar Investment actively promote?
The four key sectors – or clusters – being promoted by Iskandar Investment are Education, Tourism & Leisure, Healthcare & Wellness and Creative.
For in-depth information on these sectors please browse through the Cluster Development Strategy section of page found here.
What are the investment opportunities offered by Iskandar Investment?
There are numerous investment opportunities in property development within the promoted sectors (see above), as well as associated commercial development and residential property development. Click here for a full explanation of investment opportunities.
I am not a Malaysian and I wish to set up my business in Medini, how do I go about doing that?
Establishing a business in Medini first requires the formation of a company under Malaysian law. Full information on the procedures for this can be found on the Malaysian government’s official portal website found here
How do I go about renting or purchasing commercial space in Medini?
All potential buyers should contact the relevant developers in the area in which they wish to operate. For example: for enquiries on the leasing of retail space at Lifestyle Retail Mall, contact the development managers Sunrise Project Services Sdn Bhd.
You are welcome to register your interest with Iskandar Investment and let us escalate your enquiry to the relevant parties.
What opportunities are there for SMEs?
With the population of Iskandar Malaysia expanding rapidly, opportunities abound for those in retail, food & beverage, services, entertainment, etc. All businesses which operate around the four key clusters of Iskandar Malaysia (Education, Tourism & Leisure, Healthcare & Wellness and Creative) are strongly encouraged to create a presence here in order to service the influx of visitors and companies in the area.
What does Iskandar Investment do?
IIB is a Catalyst of Change; a strategic developer of Medini and a key player in the transformation of Iskandar Malaysia into a regional metropolis of international standing. Our role includes the conception and development of a number of catalytic projects across Medini and the surrounding landbank which will drive population and business growth. These catalytic projects include the much anticipated LEGOLAND® Malaysia and the already successful EduCity.
What is Medini?
Medini Iskandar Malaysia is the CBD of Nusajaya city and the premier business and residential address in Iskandar Malaysia. Covering 2,230 acres (9 sq. km.), Medini has embedded infrastructure already in place making it an ideal location for local and international property developers to implement their projects on a plug-and-play basis.
Who owns Iskandar Investment?
Khazanah National Berhad = 60%
Employees Provident Fund = 20%
Kumpulan Prasarana Rakyat Johor = 20%
How is Iskandar Investment incorporated?
Iskandar Investment is a locally incorporated company, having been established on the 3rd of November 2006.
Who sits on the Board of Iskandar Investment?
As of December 2011
- Tan Sri Dato’ Azman Bin Mokhtar
- Ganendran Sarvanathan
- Mohamad Hishammudin Bin Hamdan
- Badrul Hisham Bin Dahalan
- Selvendran A/L Katheerayson
What is the difference between Iskandar Investment and Iskandar Regional Development Authority?
Iskandar Investment is:
- The catalytic developer for Iskandar Malaysia
- A commercial entity with long term profit objectives
- The owner of landbanks
- Owned by federal, state and public shareholders
Iskandar Regional Development Authority is:
- A statutory and regulatory body established by an Act of Parliament
- The promoter and facilitator of the development of Iskandar Malaysia
- Co-chaired by the Prime Minister of Malaysia and the Chief Minister of Johor
What is Iskandar Malaysia?
Iskandar Malaysia is a southern development corridor in the southern-most part of Johor. It has been identified as one of the key catalyst developments to spur the growth of Malaysia’s economy.
Iskandar Malaysia covers 550,000 acres (2,217 sq. km.) of land and encompasses an area about three times the size of Singapore and two times the size of Hong Kong. Iskandar Malaysia covers the entire district of Johor Bahru (including the island within the district), Mukim Jeram Batu, Mukim Sungai Karang, Mukim Serkat and Kukup Island in Mukim Ayer Masin.
Where can I find more information on Iskandar Malaysia?
More information on Iskandar Investment can be found by visiting their website, found here
What are GLCs(Government-Linked Companies)?
GLCs are defined as companies that have a primary commercial objective and in which the Malaysian government has a direct controlling stake. A controlling stake (it is not just percentage ownership) refers to the government’s ability to appoint BOD members, senior management and make major decisions for GLCs either directly or through GLICs (e.g. contract awards, strategy, restructuring and financing, acquisitions and divestments etc.).
What are Government-Linked Investment Companies (GLICs)?
GLICs are defined as federal government linked investment companies that allocate some or all of their funds to GLC investments. The federal government appoints/approves board members and senior management (these individuals report directly to the government), provide funds for operations and/or guarantee capital (and some income) placed by unit holders. This definition accurately describes seven current GLICs: EPF, Khazanah, KWAP, LTAT, LTH, MKD and PNB.
Which companies are categorised as GLCs?
The GLC category comprises companies that are controlled by the relevant state government and state-level agencies. This includes companies that the government of Malaysia controls directly as its agencies such as Khazanah Nasional, MOF Inc., KWSP and Bank Negara Malaysia. It also includes companies where GLCs themselves have a controlling stake, i.e. subsidiaries and affiliates of GLCs.
What is a GLC Transformation Programme (GLCT)
The transformation of GLCs into high-performing entities is critical for the future prosperity of Malaysia. To facilitate this process, the Putrajaya Committee on GLC High Performance (PCG) was set up (http://www.pcg.gov.my).
Its principal mandate is to design and implement comprehensive national policies and guidelines to transform GLCs into high performing entities and establish the institutional framework to programme-manage and subsequently to oversee the execution of these policies and guidelines.
The Government’s efforts at improving performance in companies under its control or stewardship will have a positive, demonstrative effect on the rest of the corporate sector. Undertaking such a programme provides a sustainable lift to the current trajectory of GLC performance, improving Malaysia’s ability to achieve Vision 2020.
(Definition of Vision 2020: By the year 2020, Malaysia must be a comprehensively developed country – developed economically, politically, socially and culturally.)