Johor upbeat of achieving investments worth RM20bil this year

PASIR GUDANG: The Johor government is upbeat about achieving an investment figure of more than RM20 billion this year, compared to RM14.4 billion in 2013.

State Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said the optimism is based on the steady increase of foreign investment to the state.

He said the state received investment totalling RM18.7 billion in the first seventh months of the year.

Tee revealed that there is a foreign multinational company that is showing keen interest in investing in Johor.

"Talks with the international company is now in its final phase, and the state government is confident the investment worth about RM6 billion will soon pour into the Sedenak Industrial Park in Kulai.

"Based on the new development, the state government is confident the total investment this year will reach more than RM20 billion, and this will propel Johor as the highest investment state in the country.

"We found that the manufacturing sector is a strong contributor to the economic development of Johor, contributing nearly 35 per cent to the Gross Domestic Product of the state," he said after opening the Langsat Bitumen Terminal in Tanjung Langsat here today.


Source: http://www.nst.com.my/node/50197

New Theme Parks in Iskandar Malaysia

New Theme Parks in Iskandar Malaysia

Iskandar Malaysia IRDA CEO Iswan said recently on 8 Nov that the authority is in the progress of seeking foreign investment from Europe Theme Park and North America Theme Park players to have their businesses setup in Iskandar Malaysia. In order to balance the development at Iskandar Malaysia area, new theme park location need to be and will be located at Mersing, Desaru or Kulai.

Iswan replied after attended to Iskandar eco-tourism submit. New theme park can be setup at area outside of Iskandar Malaysia, example like Mersing because if too many theme parks located in same location, it is inappropriate in businesses context and strategy. We will make sure transport connectivity within these theme parks accessible easily and well connected.

Iskandar IRDA CEO Iswan also noted that the new theme parks targeting to adults customers given that currently Legoland and Sandrio Hello Kitty theme park already cater and targeted customers of ages from 3 years old to 11 years old. Therefore the IRDA hopes that the new theme parks to attract customers of different range of ages.

Iswan doesn’t disclose the theme parks they are negotiated with. In the current stage, Iskandar Malaysia already has Legoland from Denmark, Sandrio Hello Kitty from Japan, and the Angry Bird theme park from Finland which will be operated next year May at JBCC, Iskandar Flagship A Johor Bahru.

There do have newspaper release previously stated that Six Flag, which headquarter in America New York plan to have their first Asia theme park foray in Iskandar area. In the near future, we can expect that Iskandar Malaysia as a new Special Economic Zone in Malaysia with Johor State government dedication to transform and attract foreign direct investment to establish their businesses present here, and its strategic location next to rich and advanced country Singapore just separated by a causeway, Iskandar Malaysia will become brilliant and vibrant city in international standing. The model of Hong Kong-Shenzhen and Macau-Zhuhai will find its similarity at Singapore - Iskandar Malaysia.

Legoland Theme Park

Sanrio Hello Kitty Theme Park

Sanrio Hello Kitty Theme Park