Singapore was the top foreign investor in Malaysia’s Iskandar industrial park in the first four months of the year, with its committed investment reaching up to 11 billion RM (nearly 3.5 billion USD).

Ismail Ibrahim, Chief Executive of the Iskandar Regional Development Authority, said that from 2006 to April this year, the economic corridor had attracted 138.61 billion RM (43.03 billion USD) in committed investment, of which 45 percent had been disbursed.

Thanks to its proximity to ports and airports, Iskandar Malaysia continues to lure foreign investors, especially those from Singapore, added Ismail.

By last December, 969 manufacturing projects had been implemented in the park, with a combined investment of 46 billion RM (14.28 billion USD), of which 75 percent were invested by foreigners, he added.

Covering 2,217 square kilometers in Johor state, the economic corridor is designed to integrate towns, seaports, airports and investment projects together.

On June 12, the Iskandar Regional Development Authority kick-started the construction of the 1.14 billion USD Nusajaya Tech Park.

Spanning 210 hectares, the park will be developed in three phases over nine years. Once fully completed, it is expected to support 200 enterprises.

(Source: VNA)