KUALA LUMPUR, July 25 (NNN-Bernama) — Iskandar Malaysia, the main southern development corridor in Malaysian state of Johor, has recorded committed investments of RM13 billion in the first half of this year (1H 2022), out of which RM6 billion have been realised.
Malaysian Prime Minister Ismail Sabri Yaakob said the investments achieved had proven that foreign investors are more confident to invest in Malaysia.
“A total of more than RM10 billion will be generated by foreign investors in this region for the development of data centres,” he said in a statement.
The prime minister Monday chaired the Iskandar Regional Development Authority (IRDA) meeting together with Johor Chief Minister Onn Hafiz Ghazi.
Ismail Sabri also stressed that these foreign investments would create additional job opportunities for Keluarga Malaysia (Malaysian Family).
“In total, more than 6,000 people in this region have received direct benefits from the socioeconomic initiatives that have been carried out,” he said.
Meanwhile, IRDA is formulating the Modern Agriculture Strategy in strengthening the food security agenda.
The development of 5G technology which is a key supporting component of modern agriculture is being accelerated in Iskandar Malaysia to address the food supply issue in the country.
This is in line with the government’s agenda to focus on food security through the allocation made under the 12th Malaysia Plan.
The Iskandar Malaysia Modern Agriculture plan would position IRDA as Malaysia’s Agrifood Hub.
IRDA is also drafting the Iskandar Malaysia Comprehensive Development Plan 2022-2030 which will make the region as one of the core areas of the national economy with the concept of sustainable development and resilient to future uncertainty, shocks and challenges.
— NNN-BERNAMA
