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Old March 7th, 2008, 04:41 AM   #281
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If private companies found that their investment will be profitable and willing to invest in places other than Klang Valley, then why not?

I thought that's the point of having "different" development corridors? At least, in theory, it will spread developments to other areas other than Klang Valley...
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Old March 7th, 2008, 05:20 AM   #282
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IDR highway project to be completed by 2010

JOHOR BARU: The construction of the RM1.1bil Coastal Highway has begun and the 15km six-lane project is expected to be ready by 2010.

The highway's seven interchanges and three bridges would be a lifeline for the Iskandar Development Region (IDR) as it provides a vital road link between the east and west of South Johor, Mentri Besar Datuk Abdul Ghani Othman said.

He said site-clearing works had begun and they would be followed by piling and construction.

“It is one of the biggest infrastructure projects within the IDR,” Ghani said in a statement.

The highway will connect Johor Baru city to the Johor State New Administrative Centre in Nusajaya (JSNAC) and the Second Link crossing.

JSNAC, the nexus of the IDR, is 90% completed and will be ready for occupation by June.

The highway project is spearheaded by the South Johor Investment Corp (SJIC), the master developer and investor in strategic projects.

The highway will be a boon for visitors from Singapore using the new Customs, Immigration and Quarantine Complex here as it will provide direct access to Danga Bay, Nusajaya, JSNAC and a proposed theme park.

“The economic spin-offs from the highway project will be tremendous as it will lead to the creation of new growth centres in Skudai and Gelang Patah,” Ghani said.

He said at least two mega projects worth billions of ringgit would begin this year in the IDR, including the RM4.2bil Node 1 project funded by Arab investors.
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Old March 7th, 2008, 05:23 AM   #283
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Lido Boulevard development to begin in March

JOHOR BARU: Work on the RM2.7bil Lido Boulevard, the latest waterfront project within the Iskandar Development Region (IDR), is set to commence in March.

The developer, Central Malaysian Properties Sdn Bhd (CMP), will start mobilising construction equipment and manpower at the project site along the Lido Beach here in March.

In a statement, CMP managing director Dato’ Chan Tien Ghee said, “The prequalification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that the IDR is drawing wide attention."

The Lido Boulevard is one of the biggest privately-financed initiatives along the Lido waterfront here after the Danga Bay development.

This privatisation project is a joint-venture between CMP and Johor State Secretary Incorporated - an investment holding company of the Johor State Government - which is also the land owner, the statement said.

Chan said CMP would spend RM150mil over the next two years to upgrade all existing road infrastructure on site. This includes expanding the present Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.

“As this development is designed for city living, Lido Boulevard will help rejuvenate Johor Baru and transform it into an exciting city with a myriad of leisure and recreational public facilities,” he noted.

Lido Boulevard has four main development components – luxury condominiums, waterfront office suites, a hotel and a shopping mall.
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Old March 7th, 2008, 06:05 AM   #284
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07-03-2008:
12 mega projects in IDR to kick off this year

Email us your feedback at fd@bizedge.com


JOHOR BAHRU: At least 12 mega projects totalling billions of ringgit are expected to kick off this year in the Iskandar Development Region (IDR), said Johor Menteri Besar Datuk Abdul Ghani Othman.

He said the projects included the RM4.2 billion project funded by West Asian investors in Node 1, about 30km from Johor Bahru after the Second Link Crossing.
In a statement yesterday, Ghani also announced that construction had started on the RM1.1 billion coastal highway, one of the biggest infrastructure projects within the IDR.

He said the opening of the new Coastal Highway would also spell an end to squatter woes by 2013 through a RM583 million relocation programme that will house around 8,000 squatters presently living within the IDR.

Ghani said the 15km six-lane highway, which will have seven interchanges and three bridges, would serve as a lifeline for the IDR as it would provide a vital road link between the east and west of South Johor.

“This highway will be the main infrastructure to open up the IDR by connecting the old Johor Bahru to the new city in Nusajaya and the Second Link when ready by 2010,” he said.

Ghani co-chairs the Iskandar Regional Development Authority (IRDA) with the Prime Minister. The Coastal Highway project is spearheaded by South Johor Investment Corporation (SJIC), a Khazanah Nasional-linked company.

The other shareholders of SJIC are the Employees Provident Fund and Kumpulan Prasarana Rakyat Johor, which is wholly owned by the Johor State Government.

To date, SJIC has already appointed several Malaysian consultants, including Johor Bahru-based companies, for the design, coordination and supervision of construction.
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Old March 7th, 2008, 06:07 AM   #285
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can anyone list down the 12 projects???
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Old March 7th, 2008, 11:43 AM   #286
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Triple thrust for Cisco


SMART CITY: An artist impression of the financial and commercial centre in Danga Bay, IDR in south Johor. Cisco says it has been in talks with all the major developers involved in the IDR


Networking solutions company Cisco Systems said that its local growth for this year would be driven by the Government, real estate and small-and-medium business segments.

Cisco Malaysia managing director Kumaran Singaram said that the Government would continue to provide growth opportunities for Cisco.

According to Kumaran, Cisco has been working with both Federal and state government agencies to discover ways in which ICT can be used to achieve the objectives outlined in the Ninth Malaysia Plan. Key areas include supporting connected Government initiatives.

He said Cisco has technology solutions that are designed specifically to increase productivity and efficiency of the public sector, enhance public safety and drive change in the country’s infrastructure. Cisco’s Connected Healthcare solutions, for example, can be used to enhance the nation’s medical grid network.

“The medical grid network is something we’ve been lobbying the Government to do for the past year. It has many practical uses. For instance, X-rays from one hospital to another don’t need to be carried, if the information sits on a network,” he explained.

Presently, Cisco claims that patient information is scattered across disparate systems in public and private healthcare entities, which makes it difficult and costly for healthcare professionals to share vital medical, clinical, and patient information.

“However, to link up all the hospitals would take a few years as each state has a general hospital and there are about 130 district hospitals nationwide,” he said.

The real estate sector is another key focus area for Cisco.

Cisco feels that with Internet Protocol (IP) being implemented as the fourth utility – after electricity, gas and water – real estate developers in Malaysia are ready to move from a business model based solely on physical space to one that is based on the provision of services.

IDR connection
“In the past year, we have seen a lot of investment in smart city developments such as the Iskandar Development Region (IDR), Northern Corridor Economic Region and the East Coast Economic Region. Successful cities of the future consider the network as another basic infrastructure that has to be designed into the plans from the beginning,” Kumaran said.

“The various elements of utilities, commercial buildings, residential, public spaces, hotels and retail need to be connected to enable improved collaboration, security, management, mobility and productivity,” he added.

Kumaran claims that Cisco has been in talks with all the major developers involved in the IDR. “Most of them have shown interest in creating smart cities,” he said, adding that he could not reveal any names.

The third focus area for Cisco is the SMB sector and this is based on their contribution to national gross domestic product (GDP). In countries like South Korea, Taiwan and Japan, SMBs account for up to 75% of the GDP.

In Malaysia, SMBs contributed 35% to the nation’s GDP in 2006 and are expected to make an increased contribution of 37% to the national GDP by 2010.

By The Star (by Steven Patrick)
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Old March 7th, 2008, 03:02 PM   #287
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update major FDI in Iskandar Dev Region
Quote:
Johor Beats China & India To Land RM5 Billion Steel Factory

KUALA LUMPUR, March 7 (Bernama) -- One of the worlds biggest steel makers, Acerinox S.A. of Spain, is to invest RM5 billion in its first Asian production plant in Johor's Iskandar Development Region (IDR), finding it a much better location than India or China.

In a statement today, Menteri Besar Datuk Abdul Ghani Othman described the project as the single biggest foreign direct investment (FDI) to be secured by the state to date.

He said the Acerinox plant, a joint venture with Japans Nisshin Steel, will be built on a 140ha site at Tanjung Langsat near Pasir Gudang.

The integrated modern factory will produce one million tonnes of stainless steel a year, which translates into 600,000 tonnes a year of cold-rolled steel sheets, when in full production.

Ghani said construction of the integrated plant, which will be developed in phases, will begin immediately.

Under Phase I, the partners will spend RM1 billion (US$320 million) to build a 240,000 tonnes per year production line, of which 182,000 tonnes will be cold-rolled steel.

The line, which will come onstream in 2011, will include a cold rolling mill, a combined annealing and pickling facility, a skin pass and a finishing shop.

Ghani called the project a major success for Johor in its continuing drive to position itself as the premier destination for capital intensive high-technology industries in the State.

He said the Acerinox-Nisshin Steel investment is also a boon for the IDR, which is being promoted as a world-class destination for business and investments.

Tanjung Langsat in Pasir Gudang is one of the five designated growth zones within the IDR as it falls within the Eastern Gate Development, which covers the Pasir Gudang and Tanjung Langsat Ports.

"This project will undoubtedly propel Johor to new heights and reinforce the state as one of the countrys most sought after manufacturing sites," said Ghani.

For three consecutive years since 2005, Johor has maintained its position as the most popular location for FDI in Malaysia.

Last year, it attracted a total of RM9.24 billion in new manufacturing projects, of which 73 percent was FDI.

The Johor factory will be Acerinoxs fourth and first in Asia.

"We have always looked at this area as an opportunity to invest," said Acerinox chief executive Rafael Naranjo.

The European manufacturer and its Japanese technology partner have been on a worldwide search for a new investment site, which had taken them to India, China and other Southeast Asian sites.

Johor was chosen because of its strategic location and excellent connectivity to the companys potential markets within Asean, as well as Australia and India, said the statement.

Asia now consumes more than half the world's stainless steel.

Acerinox said the Johor plant will be one of the most modern in terms of high efficiency, similar to its existing production facility in Kentucky, USA.

It said local companies and contractors will benefit directly from this investment, in addition to about 300 jobs during the first stage of construction.

Acerinox hopes this investment will significantly enhance Malaysias development and help its market expansion with steel exports to Asean countries.

The factory in Malaysia once completed will be added to the group's three other existing factories in Spain, the US and South Africa and will increase the groups installed capacity to 4.5 million tones a year.

It represents a very important strategic step in the development of the Acerinox Group and growth in terms of assets distribution, said the statement.
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Old March 10th, 2008, 07:47 AM   #288
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Profitable Plots ready to shop again in Iskandar
By Anna Maria Samsuddin
Published: 2008/03/10


There is strong demand for properties in strategic areas such as those in Iskandar Development Region, says Profitable group operations director for Asia



PROFITABLE Plots, the land investment division of the UK's Profitable Group, may buy more properties in the Iskandar Development Region (Iskandar) in Johor to ride on rising prices.

Profitable group operations director for Asia, John A. Nordmann, said the company is optimistic of strong demand for properties in the area.

In fact, he said, the company recently sold RM20 million worth of properties by UEM Group, the Ledang Heights development in Nusa Dua, to a pool of investors from Singapore.


"This shows that there is indeed strong demand for properties in strategic areas such as those in Iskandar. We will be looking for more of such properties there," he told Business Times in a recent interview in Kuala Lumpur.

Profitable Plots is a strategic land investment company that acquires, subdivides and sell land parcels, primarily in the UK.

As part of its expansion plan, the firm is buying more land and other types of properties in Asia, encouraged by the robust economic development in the region.

Nordmann said Asian countries certainly have a lot to offer and Malaysia, as well as the Philippines, are the areas the company is looking at.

"Our strategy in Asia would be a little different from the one in the UK where we will not be concentrating solely on land investment. For instance in Malaysia, we will focus on strategic properties while in the Philippines we will focus on land.

"We are looking at opportunities in other countries in Asia as well. However, from the way we see things, Malaysia would probably get the larger share of our investment portfolio. Putrajaya is also another area in Malaysia that we are looking at," he said.

However, he declined to say how much money Profitable Plots would set aside for these investments.

Meanwhile, Nordmann called on Asian investors to look at investment opportunities in UK land, which could potentially provide investors with returns of up to 500 per cent.

With a total landbank of more than 60ha (170 acres) in the UK, he said the company currently handles some RM500 million worth of investments in Asia.

"Although the return takes longer compared to other investment options, the risk is lower and the return is huge.

"In the present stock market condition, investors should look at the potential of land investment in UK," he added.
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Old March 11th, 2008, 07:05 AM   #289
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Japan impressed with Iskandar
By : Siti Nurbaiyah Nadzmi


Japanese ambassador to Malaysia Masahiko Horie and his wife Yoko Horie are on a two-day visit to Johor Baru. He says Japan has been Malaysia’s top investor over the last two years.


JOHOR BARU: At RM6.5 billion a year, Japan continues to be the nation’s top investor and it is now eyeing the Iskandar Development Region.

Newly-appointed Japanese ambassador to Malaysia Masahiko Horie yesterday said he was impressed with the plan designed by the government for Iskandar.

“Johor is one of the more important investment regions in Malaysia and we are amazed with what Iskandar has to offer.”

Horie said Japan has been Malaysia’s top investor with investments in the manufacturing sector totalling RM6.5 billion last year and RM11.2 billion in 2006.

“This is about 20 per cent of the total foreign investment in Malaysia. It is double the RM3.7 billion invested by the second highest investor — Germany.”

Horie said Japan was also Malaysia’s third largest trading partner.

“The bilateral trade between Malaysia and Japan grew by 14 per cent last year, while Malaysia’s exports to Japan has increased by 13.4 per cent. Malaysia’s imports from Japan increased by 15 per cent.”

Horie said although giants like China, India and new players like Vietnam were offering cost competitive packages for investors in the manufacturing sectors, Malaysia still had a competitive edge.

“When it comes to manufacturing products with high technology, Malaysia offers the best infrastructure and skilled labour at competitive cost prices,” he said.

The ambassador, who is on a two-day visit to Johor Baru, said this was apparent in the establishment of a chemical plant, Lion Eco Chemical Sdn Bhd, a joint venture of Lion Corporation Japan and its local subsidiary Southern Lion Sdn Bhd, in Tanjung Langsat.

Horie said the parent company had, last year, invested RM90 million to build the plant which would manufacture an eco-friendly ingredient used in biodegradable detergents.

Called a surfactant, methyl ester sulphonate is made from palm oil instead of petrochemical derivatives.
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Old March 11th, 2008, 02:36 PM   #290
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Hope those recent election fiasco would not scare them away.
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Old March 12th, 2008, 06:43 AM   #291
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As a foreign investor myself i'm emboldened after the "fiasco"
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Old March 12th, 2008, 12:05 PM   #292
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Quote:
Originally Posted by hypermount View Post
Hope those recent election fiasco would not scare them away.
the decision has been made and the election is over, get over it and move on, if the BN gets its policies right for the people there is chance to survive the next elections. This short term pain is a small price to pay for long term stability and prosperity.
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Old March 19th, 2008, 05:54 AM   #293
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UM Land identifies three sites for projects

All the land is within Iskandar Development Region



From left: UM Land general manager, projects division, Goh Hong Seong, Mohd Noor Abdul Salam and assistant general manager, finance division, Tan Siew Peng with the model of the Arista Homes.

JOHOR BARU: United Malayan Land Bhd (UM Land) has identified three new locations in south Johor for future development projects.

UM Land Johor region general manager Mohd Noor Abdul Salam said all three were within the Iskandar Development Region (IDR), including one in Nusajaya city.

He declined to give details on the other two locations and how much the company would invest to acquire the land.

“We can’t say much now but our headquarters in Kuala Lumpur will make the announcement soon,” he said.
Noor said this on Sunday after Johor Baru mayor Datuk Mohd Naim Nasir handed over house keys to buyers of the company’s Deanne Homes in Seri Austin.

UM Land is currently undertaking two integrated township projects in Johor – Seri Alam in Masai and Seri Austin in Tebrau – both within the IDR that spans 2,216.3 sq km.

Covering 1,497.33ha, Seri Alam was started in 1992 and is now 60% developed. Seri Austin was launched in 2005 and 20% of its 202.34ha has been developed.

At the event, the company also launched 40 double-storey link houses – Arista II – with expected gross development value of RM35mil.

Noor said the construction of new intersections, highways and road upgrading worth RM4.9bil for the IDR this year augured well for the property sector here.

“Better connectivity and accessibility will boost demand for residential and commercial properties within the IDR,” he said.

Noor said prices of new houses would increase this year due to high construction and building materials cost resulting from high petroleum prices in the world market.

He said the main challenge now for developers in the country was to offer affordable houses for buyers and make profit at the same time.

By The Star (by Zazali Musa)
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Old March 21st, 2008, 04:04 AM   #294
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idr 15 years from now??? (the city of shenzen-china - pic)

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Old March 23rd, 2008, 10:01 AM   #295
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funny.. maybe abdullah never been to shenzhen.. i dont see in 15 yrs time we are on par with them.. probably compare it with... penang?
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Old March 23rd, 2008, 10:26 AM   #296
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the skyscrapers in shenzen more to lack of land rather than economic success IMO.
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Old March 23rd, 2008, 11:07 AM   #297
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Quote:
Originally Posted by jansej View Post
funny.. maybe abdullah never been to shenzhen.. i dont see in 15 yrs time we are on par with them.. probably compare it with... penang?
China cities and SEA Capitals [2005 GDP(nominal) rank]

City 2005 GDP(nominal)(billion us$)
Hong Kong 177.7
Singapore 117.9(100% of Singapore)
Shanghai 114.2
Beijing 85.1
Bangkok 64.1(38% of Thailand)
Guangzhou 63.9
Shenzhen 61.5
Suzhou 50.3
Tianjin 45.7
Jakarta 45.0(16.3% of Indonesia)
Kuala Lumpur43.6(30% of Malaysia)
Chongqing 38.3
Hangzhou 36.4
Wuxi 35.01
Qingdao 33.6
Ningbo 31.0
Manila 30.3(31% of Philippines)
Nanjing 29.8
Foshan 29.7
Chengdu 29.6

Even KL is not comparable to Shenzen in term of GDP. I don't think that JB will be on par with Shenzen in the next 15 years.
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Old March 23rd, 2008, 11:43 AM   #298
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gdp will depend alot on the population and the size of the city. Does JB city even have a million population? not an even comparison
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Old March 27th, 2008, 07:02 AM   #299
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THE FUTURE DANGA BAY FROM KLCC PROPERTY SHOWCASE

for more pics click Dangabay forum = http://www.skyscrapercity.com/showth...t=85309&page=6 and http://www.skyscrapercity.com/showth...t=85309&page=7






Last edited by rizalhakim; March 27th, 2008 at 07:13 AM.
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Old March 27th, 2008, 07:03 AM   #300
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