The recent declaration by the Prime Minister, Datuk Seri Anwar Ibrahim, that Forest City is now a Special Financial Zone (SFZ) is lauded by Iskandar Investment Berhad (IIB). The government’s effort is a calculated move to encourage international investment while also fostering Iskandar Malaysia’s economic expansion.
“As a key catalyst and strategic developer within Iskandar Malaysia Flagship Zone B, which includes Medini and EduCity, IIB believes that the SFZ status presents promising investment opportunities and signifies a big boost to spur the economic growth for the entire region. The close proximity between Medini and Forest City provides an ideal opportunity in pursuit of our vision to build an inclusive and sustainable metropolis of the future through seamless cooperation, identification of opportunities as well as complementing the proposed establishment of a Johor-Singapore Special Economic Zone,” said Dato’ Idzham Mohd Hashim, President / Chief Executive Office.
“While we wait for more comprehensive details on the Johor-Singapore Economic Zone and SFZ frameworks respectively, IIB reiterates its commitment and desire to work closely with the federal and state Governments to align the progress within Iskandar Puteri with the potential advantages brought about by this recent development. Our commitment to the success of Johor is unwavering, and we believe that through alignment of efforts, we can collectively create an environment that stimulates economic prosperity and sustainable growth”, he said.
Johor has historically been a very competitive location for investments, as seen by IIB’s developments there. With a strong infrastructure, multimodal transportation options, and a strategic location just 20 minutes from Singapore and 15 minutes from Forest City, IIB is well-equipped to take advantage of any opportunities presented by the SFZ.
IIB remains dedicated to contributing to the continued growth of Johor’s economy, attracting investments, fostering innovation, and creating a vibrant ecosystem that benefits both local communities and the region at large.
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