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KUALA LUMPUR: Iskandar Malaysia registered cumulative committed investments totalling RM111.37 billion from 2006 until March 31 this year.
For the first quarter (1Q) of this year, RM5.06 billion worth of investments were received, Iskandar Regional Development Authority (Irda) said in a statement yesterday.
“Of the total cumulative committed investments, RM44.82 billion or 40.2% represents investments that have been realised.”
Irda CEO Datuk Ismail Ibrahim said: “The results for 1Q 2013 showed that Iskandar continues to receive strong support and patronage from both local and foreign investors in spurring its growth.
“This indicates the high level of confidence stakeholders have in the various initiatives being implemented in the region.”
Local investors accounted for RM72.6 billion (64%) of the cumulative committed investments while the balance of RM38.8 billion (36%) was contributed by foreign investors.
Among the sectors, manufacturing recorded the highest cumulative committed investment at RM35.33 billion, followed by petrochemicals and oleo-chemicals (RM5.95 billion) and logistics (RM4.43 billion).
The tourism sector registered RM2.23 billion, healthcare chalked up RM1.6 billion, education (RM1.55 billion), financial services (RM600 million) and creative industries (RM400 million).
Other sectors that supported growth at Iskandar included property development where the residential, retail and industrial segments collectively contributed cumulative investments of RM40.42 billion as at March 31.
This was followed by utilities (RM9.53 billion), government investment mainly in infrastructure and public works (RM8.31 billion) and emerging technologies (RM1.03 billion). — Bernama
