Tebrau Iskandar property

JOHOR BARU (July 28): Tebrau Bay has been declared as being part of the international zone in Johor in line with the state government's effort to make Iskandar Malaysia a metropolis in future.

Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin said, with the declaration, Tebrau Bay will be developed as a competitive investment and industrial hub which was capable of attracting foreign investors.  

"In terms of promotion and branding, it will have its own brand that will promoted regionally and worldwide," Khaled said at the ground-breaking ceremony of the development of Greenland Tebrau Sdn Bhd and Greenland Danga Bay Sdn Bhd in Johor Baru yesterday.

Among the potential projects to be developed in Tebrau Bay included a mixed development to be developed by Greenland Tebrau Sdn Bhd with a gross development value of RM30 billion.

The project also involves the development of international hotels on 51.79ha.  

As for the development of other areas selected as internatonal zone, Khaled said the state government will hold meetings with other stakeholders on what could be the main feature highlights in the development areas on Aug 5.  

"State Local Government and Housing executive councillor, Datuk Abd Latif Bandi, will hold meetings with all stakholders on development features for the areas under the international zone," he said.

Earlier in his speech, Khaled said the state government hoped Iskandar Malaysia could be developed into a metropolis comparable to Kuala Lumpur.

He said Iskandar Malaysia must become a motropolis with the image, culture and character as well as the preservation of culture and tradition.

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