SUCCESS Iskandar Development Region to attract investments amounting to RM69.2 billion as at end of last year was a remarkable achievement that proves the confidence of investors and overseas to the country's economic climate.
Though a little past the first phase of the implementation period ie 2006 to 2010, its development has led the development of the set, when a plan should be implemented in two phases between 2011 to 2018, has been brisk walk.
Chief Executive of the Iskandar Development Region Authority (IRDA), Ismail Ibrahim, said the Iskandar Malaysia is able to achieve the target of RM383 billion investments by maturity of the development of the area in 2025.
"Since its development in 2006, Iskandar Malaysia at the end of last year has received an investment of RM69.2 billion, including 13.9 billion received in 2010 with 58 percent of domestic investment and the rest involved foreign direct investment (FDI). Of these, the 40 per cent has been spent.
"Based on this performance, we believe that Iskandar Malaysia is able to reach up to RM73 billion in investments during the Tenth Malaysia Plan (RMK-10) with an average of between RM13 billion and RM15 billion a year," he said in a meeting with Daily News in the IRDA office near Danga Bay, Johor Bahru.
Ismail said the investment of the country is expected because it would increase the confidence of foreign investors is the potential corridors.
"Initially, we are encouraging investment from abroad, but from an economic standpoint, we still need to rely on domestic investment," he said.
He said other big companies, Iskandar Malaysia is also focusing on efforts to develop the small and medium enterprises (SMEs), especially in Johor for the presence of about 16,000 SMEs currently contribute to over 90 percent of the state's economy.
About job opportunities within Iskandar Malaysia, Ismail said his target of 1.4 million workers by 2025 compared to 600,000 workers is currently working through the restructuring of existing forms.
He said currently 70 per cent of employment in the region involving the manufacturing and service sector 30 percent, but the IRDA wishes menstrukturkannya to 70 percent and 30 percent of the services sector of the manufacturing sector to generate higher revenues.
"We believe, through the restructuring of work will be able to add up to 800.00 in 2025, the workforce will thus be able to reduce the reliance of local workers to work in Singapore.
"We believe more and more workers are interested in working in the Iskandar Malaysia if we could at least offer a salary of up to two thirds of what they have in Singapore and it certainly can change their perception to work here," he said.
Here some picture of Medina , Iskandar malaysia
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