Iskandar Malaysia secured RM40.3b committed investments in 9M2024, says Anwar

• “Taking the establishment of the Invest Malaysia Facilitation Centre in Johor as an example, I emphasised the importance of effective implementation in terms of process efficiency and the approval timeline for applications, in line with the government’s strategy to facilitate business.”

KUALA LUMPUR (Oct 24): Iskandar Malaysia recorded committed investments of RM40.3 billion from January to September 2024, with realised investments reaching RM22.5 billion, said Prime Minister Datuk Seri Anwar Ibrahim.

He announced this during the 33rd meeting of the Iskandar Regional Development Authority on Thursday, as stated in a post on X.

Anwar, who is also the finance minister, noted that the meeting also discussed issues related to the direction and initiatives outlined for Iskandar Malaysia, including the Johor-Singapore Special Economic Zone, which will provide a boost to the national economy.

“Taking the establishment of the Invest Malaysia Facilitation Centre in Johor as an example, I emphasised the importance of effective implementation in terms of process efficiency and the approval timeline for applications, in line with the government’s strategy to facilitate business,” he said.

Anwar added that in the context of Johor, various new and ongoing projects announced in Budget 2025 must be welcomed with immediate and effective implementation.

Johor should also leverage its role as the Asean chair in 2025, where several meetings will be held in the state, he said.

“The benefits will only be felt through integrated and effective planning and execution,” said Anwar.

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