is set to become Southern Peninsular Malaysia’s most developed region, where living, entertainment, environment and business seamlessly converge within a bustling and vibrant metropolis.
Located in Johor, the southern gateway to Peninsular Malaysia, its advantages include:
- Six to eight hours flight radius from Asia’s burgeoning growth centres such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo.
- Within reach of a global market of some 800 million people.
- Accessible by air, land, rail and sea.
- Flanked by three major ports, the Pasir Gudang Port, Port of Tanjung Pelepas and Tanjung Langsat Port.
The first of its kind, Iskandar Malaysia has been allocated RM6.83 billion by the Government. Encompassing a vast acreage of land, it is the largest single development project ever to be undertaken in the region.
Because of its strategic location, accessibility to leading Asian cities, proximity to some of the world’s most rapidly growing and important economies, and a range of attractive fiscal incentives, Iskandar Malaysia is poised to attract an exciting influx of foreign and high-level corporate investments as discerning investors look to benefit from its many advantages and high growth potential.
By having one of the most conducive business environments in the region, Malaysia is easily one of the best places to invest in. Taking into account its competitive wages, low inflation, high staff retention rate, a well-educated and multilingual workforce along with world-class infrastructure, it makes perfect economic sense to invest in a country that is as sound and stable as Malaysia.
- Iskandar Malaysia covers a land size of 2,217 sq. km.
- 3 times the size of Singapore.
- 48 times the size of Putrajaya.
GDP (Gross Domestic Product)
- Total Iskandar Malaysia GDP is about USD 20 billion in 2005, 60% of Johor’s total GDP of USD 33.4 billion.
- Current per capita GDP for Iskandar Malaysia is about USD 14,790 which is higher than the Johor per capita GDP of USD 10,757 but half of Singapore’s (about USD 30,000).
- Services and Manufacturing sectors are the two main pillars of Iskandar Malaysia’s economy, but Services dominate by contributing about USD 10 billion in Iskandar Malaysia.
- Within the Services sector, Wholesale and Retail trade contributes 42.2%, Tourism and Hospitality (16.8%), Professional and Business (14.6%), Transport and Related (12.7%), Medical and Educational (6.7%), Financial (6.6%).
Population of Iskandar Malaysia by 2025
- Iskandar Malaysia is estimated to have 1.35 million people or 43% of Johor’s population of 3.17 million. Some 66% of the population is of working age.
- Malays comprise 48.2%; Chinese 35.8%; Indians 9.4% & foreigners 6.6%. One third of the population is estimated at below 15 years old.
Advantages of Iskandar Malaysia
- GDP/Capita in Purchasing Power Parity – USD9,265 in 2005, 30-year GDP growth between 7% and 8%.
- South Johor accounts for 60% of State’s GDP with services sector largest source of growth.
- Access to a large, educated workforce that is skilled and proficient in English, Bahasa Malaysia and other international languages.
- A mixture of green-fields and brown-fields, less expensive than Singapore & Hong Kong.
- State of the art telecommunications with efficient & transparent public institutional framework.
- Dynamic, knowledge-based clusters including information technology, biotechnology, tourism – education & healthcare, Islamic finance, manufacturing and electrical and electronic industry.
- World-class land, sea & air cargo facilities that allow good supply and distribution of raw materials.
- Ultra modern airport in Senai, handling 1.25 million visitors and over 7,500 tonnes of cargo in 2005.
- Port of Tanjung Pelepas and Pasir Gudang- established world-class transshipment ports of Malaysia.
- Excellent international tourist destinations and sports facilities, including shopping and healthcare & wellness.
- Low inflation rate (less than 3.5%) & unemployment rate of 3-4 %.