Guarded and green industrial park
By Laura Lee
Friday, 18 Jul 2014, 12:01 AM
WB Land’s RM600 mil Frontier Industrial Park (FIP), in the central region of Iskandar Malaysia, is poised to benefit from Johor’s core economic driver -- manufacturing constitutes its main engine of growth.
Spread across 55ha (136 acres) of freehold land in Desa Cemerlang, Ulu Tiram, Johor, FIP will be developed in three phases and is expected to be fully completed by July 2018.
Singapore generally accounts for 40% of investments in Iskandar; 10% is by countries such as Australia, China, Japan, the UK and the US; the remaining 50% is from locals, including permanent residents, purchasing largely for owner-occupation.
As of April, Iskandar is said to have attracted RM139 bil in investment since 2006 and is on track to achieve its investment target of RM383 bil by 2025.
FIP head of sales and marketing Kevin Woon, 28, views its proximity to Singapore as an Iskandar pull factor, which has resulted in many firms’ relocating to Johor due to reasons such as lower costs for land, labour and operations related to utilities and the like.
Aside from the low risk involved, these firms relocate to Johor to be closer to their supply sources.
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http://www.focusmalaysia.my/Assets/Guarded-and-green-industrial-park#sthash.t78rK85S.dpuf