KUALA LUMPUR, June 25 (Bernama) -- The Iskandar Regional Development Authority (IRDA) has to date registered a total of RM33 billion in investments or some 70 percent of the RM47 billion needed for the development of the Iskandar Malaysia economic zone under the Ninth Malaysia Plan, Minister in the Prime Minister's Department Senator Tan Sri Amirsham A. Aziz said.
He said the amount came from the contract agreements and not merely memoranda of understanding signed between IDRA and the investors.
Among the main investors are Kuwait Finance House, Mubadala Development Company and Millennium Development Company who have invested in the financial, real estate, tourism and recreational sectors of the growth zone, Amirsham said during a Question and Answer session at the Dewan Rakyat today.
He was replying to a question from Dr Mohd Puad Zarkashi (BN-Batu Pahat) on the investments received by Iskandar Malaysia.
Amirsham also explained that the government had only contributed RM4.3 billion to finance the infrastructure projects in the region.
He said the amount of investments in Iskandar Malaysia was projected to be RM73 billion during the 10th Malaysia Plan, RM170 billion in 11MP and RM155 billion in 12MP.
From the time it was launched in November 2006, he said the region has achieved commendable performance with various projects completed under the first phase of the Nusajaya development programme including the new state government administrative centre, as well as several commercial, recreational and residential properties.
Projects under the second phase including the development of a transportation hub and ferry terminal are ongoing, he said.
Several infrastructure pojects like new roads have been also completed while the security aspect in the area has been improved with provision made to add the number of police force to prevent crimes in the area, he added.
-- BERNAMA
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