KOTA TINGGI, Johor Menteri Besar Datuk Abdul Ghani Othman has welcomed the announcement, that Khazanah Nasional will spend RM1.7 billion of the additional RM10 billion investment funds it received under the second economic stimulus package, to implement development projects in Iskandar Malaysia.Abdul Ghani said the injection of funds by Khazanah Nasional would provide confidence for foreign investors to continue with projects in the special economic corridor.
"It (RM1.7 bilion) is important as it gives confidence to foreign investors to continue with their projects in Iskandar Malaysia," he told reporters after presenting land grants to settlers at the Felda Simpang Wa Ha here Thursday.Deputy Prime Minister Datuk Seri Najib Tun Razak announced Khazanah Nasional's RM1.7 billion investment in Iskandar Malaysia while tabling the second stimulus package in Parliament on Tuesday.
Abdul Ghani said, at present a number of Khazanah Nasional subsidiaries such as Iskandar Investment Berhad (IIB), were involved in projects in Iskandar Malaysia.According to Abdul Ghani who is also the joint-chairman of the Iskandar Regional Development Authority (IRDA), IIB is involved in the preliminary works pertaining to the construction of the Legoland Theme Park worth RM750 million and a university.
IIB is also involved in the building of various infrastructure facility projects in Iskandar Malaysia, he said.Abdul Ghani also disclosed that at the moment, there were 18 infrastructure projects worth RM3 billion being undertaken in Iskandar Malaysia.He said, the injection of the additional funds by Khazanah Nasional was timely and meets the objective of the stimulus package, as Iskandar Malaysia was in the early stages of implementation.
Iskandar Malaysia encompasses an area of 2,300 sq km in South Johor and was officially launched by the Prime Minister Datuk Seri Abdullah Ahmad Badawi.Since the launch, Iskandar Malaysia has succeeded in attracting investments totalling RM40 billion from within and outside the country, which is close to the RM47 billion target for 2010.
"It (RM1.7 bilion) is important as it gives confidence to foreign investors to continue with their projects in Iskandar Malaysia," he told reporters after presenting land grants to settlers at the Felda Simpang Wa Ha here Thursday.Deputy Prime Minister Datuk Seri Najib Tun Razak announced Khazanah Nasional's RM1.7 billion investment in Iskandar Malaysia while tabling the second stimulus package in Parliament on Tuesday.
Abdul Ghani said, at present a number of Khazanah Nasional subsidiaries such as Iskandar Investment Berhad (IIB), were involved in projects in Iskandar Malaysia.According to Abdul Ghani who is also the joint-chairman of the Iskandar Regional Development Authority (IRDA), IIB is involved in the preliminary works pertaining to the construction of the Legoland Theme Park worth RM750 million and a university.
IIB is also involved in the building of various infrastructure facility projects in Iskandar Malaysia, he said.Abdul Ghani also disclosed that at the moment, there were 18 infrastructure projects worth RM3 billion being undertaken in Iskandar Malaysia.He said, the injection of the additional funds by Khazanah Nasional was timely and meets the objective of the stimulus package, as Iskandar Malaysia was in the early stages of implementation.
Iskandar Malaysia encompasses an area of 2,300 sq km in South Johor and was officially launched by the Prime Minister Datuk Seri Abdullah Ahmad Badawi.Since the launch, Iskandar Malaysia has succeeded in attracting investments totalling RM40 billion from within and outside the country, which is close to the RM47 billion target for 2010.
Thousand jobs await you at
Need Limo service for wedding and school holidays email
0 comments:
Post a Comment