The Federal Government recently has agreed to the creation of three more new nodes in Iskandar Malaysia with the purpose to enhance, strengthen and pushs Iskandar Malaysia development further ahead to new level. Currently Iskandar Malaysia has only one nodes, which is located at Medini in Nusajaya, Flagship B.
According to the sources told to StarBiz, the three new nodes are most likely located at the Eastern Gate Development Zone, Western Gate Development Zone and Senai-Kulai growth corridor.
The proposal was submitted by the Johor State Government and the Iskandar Regional Development Authority IRDA, and presented at a meeting held at Putrajaya chaired by Prime Minister Datuk Seri Najib Tun Razak with Johor Menteri Besar Khaled Nordin. Based on the sources, Najib was happy with the achievements and progress of the Iskandar Malaysia developments, and has agreed and approved the creation of the three new nodes in Iskandar Malaysia.
The sources said the three new nodes would further accelerate and spearhead Iskandar Malaysia into next level to become an international metropolis by 2025 as outlined under Comprehensive Development Plan CDP. The nodes will cater for different economic activities like oil and gas, education, tourism, health, and aviation.
A node refer to an area dedicated to certain activities or developments. Privileges and benefits are given for companies or investors that having projects as outlined by Johor State Government within the nodes.
Medini is the only node in Iskandar Malaysia for current stage. Medini enjoy the benefits of non restrictions on foreigner price minimum requirements and quota on the sales of property. Medini also enjoys the benefits of exemption of the property sale tax.
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