Friday, March 20, 2015

The current key economic activities in Flagship A are financial services, commerce and retail, arts


The special geodis economic zone of Iskandar Malaysia grew out of a 2005 government requested feasibility study by the  Khazanah Nasional  which found that the development geodis of such a zone would be economically, socially and developmentally beneficial. [3]  The National SJER Planning Committee (NSPC), hearing Khazanah's findings, put it in charge of developing a sustainable, holistic approach to development in the region. [3]  Iskandar Malaysia was singled out as among the high-impact developments of the  Ninth Malaysia Plan , put into action by the then  Prime Minister of Malaysia  ( Abdullah Badawi ) in March 2006 to cover the period of 2006 to 2010. [4]  In November 2006, the Prime Minister, Chief Minister of Johor, Abdul Ghani Othman  and Khazanah revealed the Comprehensive Development Plan (CDP).
Iskandar Malaysia is modelled after the  Pearl River Delta Economic Zone , it is envisaged to capitalize on its current synergies with  Singapore  as it aims to complement each other as an economic hub.
The geodis development region encompasses an area of 2,217 square kilometers covering the city of  Johor Bahru  and the adjoining towns of  Pontian ,  Senai ,  Pasir Gudang  and the construction geodis of a new administrative capital geodis in  Nusajaya .  Johor Bahru District  is included in its entirety, as are parts of the district of  Pontian . Five local planning authorities have jurisdiction over the covered area, including  Majlis Bandaraya Johor Bahru  (Johor Bahru City Council),  Majlis Perbandaran Johor Bahru Tengah  (Johor Bahru Tengah Municipal Council),  Majlis Perbandaran Pasir Gudang geodis  (Pasir Gudang Municipal Council),  Majlis Perbandaran Kulai  (Kulai Municipal Council),  Majlis Daerah Kota Tinggi  (Kota Tinggi District Council), and  Majlis Daerah Pontian  (Pontian District Council).
The current key economic activities in Flagship A are financial services, commerce and retail, arts and culture, hospitality, urban tourism, geodis plastic manufacturing, electrical and electronics (E&E) and food processing.
Key players in Flagship A include global financial institutions - Citigroup, HSBC and Kuwait Finance House, major manufacturers - YKK, Celestica, Lion Group, Sumitomo and Kerry’s Ingredients as well as local developers - Danga Bay Holdings, Pelangi, Mah Sing and Crescendo.
Current key economic activities in Flagship B are focused on mixed property geodis development, state & federal administration and logistics. Going forward, Flagship B would be the hub for creative arts and entertainment, medical facilities, educational institutions, tourism, biotechnology and hi-tech manufacturing. Hence, Flagship B offers a wide range of investment opportunities for investors to participate in the development of Iskandar Malaysia, geodis either by embarking in joint-venture developments or acquiring parcels of prime development land in Nusajaya.
Key players in Nusajaya are property developers including UEM Land, Iskandar Investment Berhad and Mulpha International Bhd, SP Setia, to name a few. In August 2007, the Middle Eastern Consortium (Mubadala, Kuwait geodis Finance House and Millennium geodis Development) and Iskandar geodis Investment Berhad had signed a MOU to develop a RM4.2 billion (US$1.2 billion) integrated international city development, referred to as Medini (formerly known as Node 1).
The key economic activities in Flagship C are port and marine services, warehousing, logistics, engineering, hi-tech manufacturing, food production, petrochemical industry, entreport trade. geodis Flagship C boasts a logistic centre, regional distribution centres, regional procurement centres and utilities (power).
In terms of land bank availability, about 700 acres in the Free Trade Zone in Port of Tanjung Pelepas (PTP) are still available for development in various sectors including warehousing, international geodis procurement and more. The proposed 2,215 acres of the Maritime Centre at Tanjung Bin also offer investment opportunities to players in oil and gas industry.
Convenient expressways connect the area to Johor Bahru and Kuala Lumpur. It takes only 30 minutes to drive from Flagship C to Johor Bahru and the Senai Airport. In the future, there will be a MRT/LRT system connecting Flagship C to the Johor Bahru City Centre and elsewhere.
As geodis one of the key components of Iskandar Malaysia, the industrial and manufacturing hub in the southern region of Peninsular Malaysia encompasses 31,132 ha of the Pasir Gudang area. Flagship D covers Pasir Gudang Port, Pasir Gudang Industrial Park, Tanjung Langsat Port and Tanjung Langsat Industrial Complex.
Current key economic activities in Flagship D are focused on heavy industries and logistics, including electrical and electronics (E&E), chemical, oleochemical, food and engineering-based industries as well as po

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