Iskandar Investment Berhad (IIB), a major driving force and strategic developer for Flagship B in Iskandar Malaysia’s economic corridor, applauds the Malaysian government’s visionary Ekonomi Madani framework and NETR roadmap towards sustainability and environmental stewardship, which are perfectly consistent with our core values.
In his speech, the Prime Minister put out a detailed plan for boosting Malaysia’s competitiveness and making the country a desirable location for both domestic and foreign investors.
“As a committed partner in driving economic growth for the Iskandar Malaysia economic corridor, IIB fully supports the newly proposed policies, particularly those pertaining to the establishment of special financial zone, the introduction of a 15% tax incentive for knowledge workers, and the implementation of immigration fast lanes. These progressive policies will undoubtedly entice investments, contribute to creating a conducive business environment, foster innovation, and attract high-skilled talents to our shores,” said Dato’ Idzham Mohd Hashim President / Chief Executive Officer, IIB.
We firmly believe that the timely implementation of these policies will significantly augment Malaysia’s attractiveness as an investment destination, leading to increased foreign direct investments (FDI) and domestic direct investments (DDI). With a particular focus on key promoted sectors such as the Global Business Services (GBS), Digital, Technology and Innovation industries, we envision an even more vibrant and competitive landscape for businesses and investors alike.
Mohd Hashim adds that IIB is steadfast in their commitment to be a significant player in achieving the goals set forth by the Ekonomi MADANI framework. The framework’s seven intermediate indicators, including Malaysia’s aspiration to rank among the Top 30 largest economies in the world and to attain a position within the top 12 in the Global Competitiveness Index, resonate deeply with our vision for sustainable economic growth and development. We take great pride in being a key player in the nation’s economy, and our contributions have been instrumental in Johor’s exceptional performance in attracting foreign direct investments (FDI) in 2022, which marked the highest in Malaysia.
Another milestone we are proud of is that IIB is making significant strides towards achieving the medium-term target of increasing the Female Labour Force Participation Rate to 60%. As part of our commitment to diversity and inclusion, we are pleased to share that our Senior Management team already boasts a remarkable 54% female participation. This achievement reflects our ongoing dedication to empowering women and creating an inclusive workplace, hence making IIB an exemplar of gender balance in the business landscape.
“We are also highly appreciative of the announcement made by the Minister of Economy regarding the integrated Renewable Energy (RE) Zone as part of the National Energy Transition Roadmap (NETR), a venture championed by one of our shareholders, Khazanah Nasional Berhad. The RE Zone initiative not only opens endless possibilities for the growth of renewable energy infrastructure, however it also brings us closer to realizing our net-zero aspirations, which is integral in achieving our vision to build an inclusive and sustainable metropolis of the future,” he said.
NETR Phase 1 will serve as the perfect catalytic foundation for transforming our economy into a sustainable one, paving the way for the well-being of future generations. We are dedicated to playing an active role in this phase and beyond to ensure its success and positive impact on the environment and society as we build and inclusive and sustainable metropolis in Iskandar Puteri. This initiative also aligns with IIB’s efforts to position Medini as a net-zero carbon central business district. We firmly believe that these proactive policies and roadmaps proposed by the government will not only attract significant investment opportunities but also unlock avenues for potential innovative and sustainable solutions tailored to benefit the nation.
“Through strategic collaborations and ongoing support to the government’s initiatives, we are determined to contribute our expertise and resources towards the successful implementation of the green economy framework. It is through these collective efforts that we can safeguard our environment, strengthen our economy, and create a brighter, greener future for Malaysia”, Mohd Hashim concludes.