What is Iskandar Investment Berhad?
Iskandar Investment Berhad (IIB) is a Catalyst of Change and a key player in Iskandar Malaysia’s transformation into a regional metropolis of international standing. Incorporated in November 2006, IIB is tasked to ensure Iskandar Malaysia continues its successful trajectory into an attractive investment destination and a vibrant liveable region via catalytic and high-impact projects.
IIB focuses on the development of Iskandar Puteri in the education, creative, tourism, leisure, and health and wellness sectors. IIB’s prominent accomplishments include the successful joint ventures and investment partnerships in EduCity, LEGOLAND® Malaysia Resort, Iskandar Puteri, Medini and various other infrastructure projects under the 9th Malaysia Plan in Iskandar Malaysia.
IIB is committed to steering economic and environmentally sustainable growth in Iskandar Malaysia and ensuring inclusive developments for local Iskandarians through employment and income opportunities.
Medini City is poised to be Iskandar Puteri’s Central Business District (CBD), and its strategic location has attracted investors from near and far. Over RM 4 billion has been spent on building ‘best-in-class’ infrastructure such as utility pipes, modern roads, security, and sewerage that are ready for connection, allowing investors to enter Medini on a ‘plug-and-play’ basis.
Property developers that qualify to operate in Medini will benefit from incentives such as corporate and income tax exemption for 10 years, global capital sourcing, unlimited foreign purchase, etc.
Who owns Iskandar Investment Berhad?
Khazanah National Berhad = 60%
Employees Provident Fund = 20%
Kumpulan Prasarana Rakyat Johor = 20%
How is Iskandar Investment Berhad incorporated?
Iskandar Investment Berhad is a locally incorporated company, having been established on 3 November 2006.
Who sits on the Board of Iskandar Investment Berhad?
As of 22 January 2020,
Datuk Shahril Ridza Bin Ridzuan
Dato’ Sri Ghazali Bin Mohd Ali
Datuk Ir. Khairil Anwar Bin Ahmad
Dato’ Hj. Mohd Noorazam Bin Dato’ Haji Osman
Badrul Hisham Bin Dahalan
Hajah Norliza Binti Suleiman
Zalinah Binti A. Hamid
Amran Hafiz Bin Affifudin
Nik Marien Binti Nik Ahmad Kamal
Marilyn Teoh May Lyn (Alternate Director to Badrul Hisham bin Dahalan)
Norhafizah binti Sahari (Alternate Director to Zalinah binti A.Hamid)
What is the difference between Iskandar Investment Berhad and Iskandar Regional Development Authority?
Iskandar Investment Berhad is:
The catalytic developer for Iskandar Malaysia
A commercial entity with long term profit objectives
The owner of landbanks
Owned by both federal and state investment companies
Iskandar Regional Development Authority is:
A statutory and regulatory body established by an Act of Parliament
The promoter and facilitator of the development of Iskandar Malaysia
Co-chaired by the Prime Minister of Malaysia and the Chief Minister of Johor