FREQUENTLY ASKED QUESTIONS
What is Iskandar Investment Berhad ?
Iskandar Investment Berhad (IIB) is a Catalyst of Change and a key player in Iskandar Malaysia’s transformation into a regional metropolis of international standing. Incorporated in November 2006, IIB is tasked to ensure Iskandar Malaysia continues its successful trajectory into an attractive investment destination and a vibrant liveable region via catalytic and high-impact projects. IIB focuses on the development of Iskandar Puteri in the education, creative, tourism, leisure, and health and wellness sectors. IIB’s prominent accomplishments include the successful joint ventures and investment partnerships in EduCity, LEGOLAND® Malaysia Resort, Iskandar Puteri, Medini and various other infrastructure projects under the 9th Malaysia Plan in Iskandar Malaysia. IIB is committed to steering economic and environmentally sustainable growth in Iskandar Malaysia and ensuring inclusive developments for local Iskandarians through employment and income opportunities.
What is Medini ?
Medini City is poised to be Iskandar Puteri’s Central Business District (CBD), and its strategic location has attracted investors from near and far. Over RM 4 billion has been spent on building ‘best-in-class’ infrastructure such as utility pipes, modern roads, security, and sewerage that are ready for connection, allowing investors to enter Medini on a ‘plug-and-play’ basis. Property developers that qualify to operate in Medini will benefit from incentives such as corporate and income tax exemption for 10 years, global capital sourcing, unlimited foreign purchase, etc.
Who owns Iskandar Investment Berhad ?
Khazanah National Berhad = 60%
Employees Provident Fund = 20%
Kumpulan Prasarana Rakyat Johor = 20%
How is Iskandar Investment Berhad incorporated ?
Iskandar Investment Berhad is a locally incorporated company, having been established on 3 November 2006.
Who sits on the Board of Iskandar Investment Berhad ?
As of 22 January 2020
- Datuk Shahril Ridza Bin Ridzuan
- Dato’ Sri Ghazali Bin Mohd Ali
- Datuk Ir. Khairil Anwar Bin Ahmad
- Dato’ Hj. Mohd Noorazam Bin Dato’ Haji Osman
- Badrul Hisham Bin Dahalan
- Hajah Norliza Binti Suleiman
- Zalinah Binti A. Hamid
- Amran Hafiz Bin Affifudin
- Nik Marien Binti Nik Ahmad Kamal
- Marilyn Teoh May Lyn (Alternate Director to Badrul Hisham bin Dahalan)
- Norhafizah binti Sahari (Alternate Director to Zalinah binti A.Hamid)
What is the difference between Iskandar Investment Berhad and Iskandar Regional Development Authority ?
Iskandar Investment Berhad is:
- The catalytic developer for Iskandar Malaysia
- A commercial entity with long term profit objectives
- The owner of landbanks
- Owned by both federal and state investment companies
Iskandar Regional Development Authority is:
- A statutory and regulatory body established by an Act of Parliament
- The promoter and facilitator of the development of Iskandar Malaysia
- Co-chaired by the Prime Minister of Malaysia and the Chief Minister of Johor
What are the investment opportunities offered by Iskandar Investment Berhad ?
There are numerous investment opportunities in property development within the promoted sectors (see above), as well as associated commercial development and residential property development. To discuss available opportunities, please write to us at [email protected]
Which sectors does Iskandar Investment Berhad actively promote ?
The four key sectors – or clusters – being promoted by Iskandar Investment Berhad are Education, Tourism & Leisure, Healthcare & Wellness and Creative.
I am not a Malaysian and I wish to set up my business in Medini, how do I go about doing that ?
Establishing a business in Medini first requires the formation of a company under the Malaysian law. Please write to us directly and provide detail information about your new business set-up at [email protected]
How do I go about renting or purchasing commercial space in Medini ?
All potential buyers should contact the relevant developers in the area in which they wish to operate. For example: for enquiries on the leasing of retail space at Lifestyle Retail Mall, contact the development managers Sunrise Project Services Sdn Bhd or email us at [email protected]
What opportunities are there for SMEs ?
With the population of Iskandar Malaysia expanding rapidly, opportunities abound for those in retail, food & beverage, services, entertainment, etc. All businesses which operate in the four key clusters of Iskandar Investment Berhad (Education, Tourism & Leisure, Healthcare & Wellness and Creative) are strongly encouraged to create a presence in Iskandar Puteri to service the influx of visitors and companies in the area.
What is Iskandar Malaysia ?
Iskandar Malaysia is an economic development corridor booming in Southern Johor, Malaysia. The development region encompasses an area of 4,747 square kilometres which is more than three times the size of Singapore and two times the size of Hong Kong. Iskandar Malaysia is envisaged to capitalize on its current synergies with Singapore as it aims to complement each other as an economic hub. Meticulously planned under the Iskandar Malaysia Comprehensive Development plan (CDP), the economic region comprises of five flagship zones.
Encompassing a vast acreage of land, it is the largest single development project ever to be undertaken in the region. Because of its strategic location, accessibility to leading Asian cities, proximity to some of the world’s most rapidly growing and important economies, Iskandar Malaysia is poised to attract an exciting influx of foreign and high-level corporate investments as discerning investors look to benefit from growth in Asean and Asia.
Located in Johor, the southern gateway to Peninsular Malaysia, its advantages include:
- Six to eight hours flight radius from Asia’s burgeoning growth centres such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo.
- Within reach of a global market of some 800 million people.
- Accessible by air, land, rail and sea.
- Flanked by three major ports, the Pasir Gudang Port, Port of Tanjung Pelepas c and Tanjung Langsat Port.
Where can I find more information on Iskandar Malaysia ?
More information on Iskandar Malaysia can be found by visiting this website, click here