KUALA LUMPUR: The Iskandar Regional Development Authority (IRDA) has targeted to achieve at least RM20 billion in committed investments annually in the Iskandar Malaysia special economic region until 2018.
The annual target is part of its overall objective to achieve a cumulative RM383 billion in committed investments by 2025.
IRDA chief executive Ismail Ibrahim said on Monday that the IRDA would need to attract at least RM25 billion of committed investments annually from 2019 until 2025 under the last stage, if it is to achieve the cumulative target of committed investments in Iskandar Malaysia.
Since the inception of the economic zone in 2006, the region has received RM84.9 billion worth of committed investments, mainly from the tourism, education and healthcare services sector.
About RM70 billion of the committed investments are forecast to be spent by 2016, Ismail said at a press conference for the Global Sepcial Economic Zone Summit.
The annual target is part of its overall objective to achieve a cumulative RM383 billion in committed investments by 2025.
IRDA chief executive Ismail Ibrahim said on Monday that the IRDA would need to attract at least RM25 billion of committed investments annually from 2019 until 2025 under the last stage, if it is to achieve the cumulative target of committed investments in Iskandar Malaysia.
Since the inception of the economic zone in 2006, the region has received RM84.9 billion worth of committed investments, mainly from the tourism, education and healthcare services sector.
About RM70 billion of the committed investments are forecast to be spent by 2016, Ismail said at a press conference for the Global Sepcial Economic Zone Summit.
