Iskandar Investment charts next growth phase after RM6bil infrastructure investment

ISKANDAR PUTERI: Iskandar Investment Bhd (IIB) is gearing up for the next stage of growth under its STAR2040 strategy, with a focus on attracting investments, strengthening business ecosystems and generating higher economic value for Johor. This strategic shift comes as the company commemorates its 20th anniversary, having previously invested RM6 billion in infrastructure to support the development of around 2,703 hectares of land in Iskandar Puteri.

IIB president and CEO Datuk Idzham Mohd Hashim stated that the firm will build upon its two decades of investments and partnerships to solidify Iskandar Puteri's position as a strong business and investment destination. He emphasized that the company's priority is to ensure that existing foundations continue to attract businesses and deliver long-term value for the state of Johor.

Since 2013, Medini has attracted 47 global business services companies, resulting in approximately 7,200 jobs, while EduCity has produced nearly 10,000 graduates since its inception in 2012. IIB also disclosed that it generated RM816.7 million in revenue for local, state and federal governments through its development activities.

The company's portfolio encompasses Medini, EduCity, and the 1,200-hectare Wawari masterplan, with the forthcoming Johor-Singapore Special Economic Zone expected to create additional opportunities for cross-border business operations. IIB recently unveiled a revamped corporate identity, adopting the tagline "Catalysing Growth" in place of its previous "Catalyst of Change" slogan, to better represent its evolving role in driving investment and economic development.