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(KUALA LUMPUR) Iskandar Malaysia has nearly met its US$13 billion overall foreign direct investment (FDI) target for the phase ending in 2010.
Iskandar Investment Bhd (IIB), the catalytic developer of Iskandar Malaysia, said to date more than US$11 billion or 92 per cent has been invested by players in Iskandar Malaysia.
'Of the total, IIB's Middle East partners, Mubadala, Millennium, Kuwait Finance House and Aldar have invested US$1.2 billion or more than 10 per cent of the capital raised to date,' it said in a statement yesterday.
Despite the current economic downturn, there is still interest from the likes of LEGOLAND and the Newcastle University of Medicine from the United Kingdom (NUMed), it said.
Merlin Entertainment will build its first US$200 million LEGOLAND Park in East Asia while NUMed will partner with EduCity@ Iskandar to set up its first branch campus worth US$100 million.
'Our view is also bolstered by the confidence felt by our partners in the Middle East and their significant investment made in IBB's flagship mixed-use development, Medini Iskandar Malaysia,' managing director Arlida Ariff said. - Bernama
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