NUSAJAYA: The second Iskandar Malaysia Comprehensive Development Plan (CDP) is expected to be launched at the end of the second quarter or early third quarter of this year.
Iskandar Regional Development Authority IRDA chief executive officer, Datuk Ismail Ibrahim, said the second CDP was a review of the first which was launched in 2006.
He said the new CDP has been submitted to the authorities including Prime Minister Datuk Seri Najib Tun Razak and Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin.
On a separate note, Datuk Ismail Ibrahim said that in the first quarter of this year, Iskandar Malaysia secured RM7.8bil in new investments, of which 64% were domestic and the rest foreign. This brings the total realised investments to RM166 billion since the growth corridor was launched in 2006.
On the incentives given to Singapore's small and medium enterprises investing in Iskandar Malaysia, he said they would depend on the types of investments.
"Also the investments, be they in the services or manufacturing sectors, must meet our terms.
"They have to be environment-friendly, capital-intensive and use less labour," he said.
Iskandar Malaysia remains on track to attract between RM25bil and RM30 bil investments this year.
This is despite the scrapping of the RM600 million China Mall trade centre project by its main developer UEM Sunrise Bhd.
The main focus over the next few years will be in the creative and logistics sectors, said Iskandar Regional Development Authority CEO Datuk Ismail Ibrahim.
He was speaking at a media briefing "Elevating Cross-border Opportunities in ASEAN and Beyond" by Standard Chartered Bank, here today. The authorities have however cautioned property developers into the "feasibility of things" by ensuring the supply matches the demand in the long run.
