Ya man, it better be big, otherwise big let-down!
Wah Lau this is what najib meant by ground shaking news... Seemed like he was last to know. The whole world knew already breached the 100 billion mark...
Iskandar M'sia Jan-Nov investments at RM20.36b
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Wednesday, 12 December 2012
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by Bernama on Tuesday, 11 December 2012 07:28
PUTRAJAYA (Dec 11): Prime Minister Datuk Seri Najib Razak announced today (Tuesday) that Iskandar Malaysia recorded RM20.36 billion in committed investments between January and November this year.
This has surpassed the target investment of RM100 billion as cumulative committed investments have reached RM105.14 billion in various sectors with 42 per cent being realised as at end-November.
"I am pleased with the corridor's performance, especially in witnessing the realisation and operations of catalytic projects in 2012," he said in a statement after chairing the Iskandar Regional Development Authority (IRDA) Members of Authority meeting today.
The core sectors propelling the strong growth are primarily properties including commercial, retail and industrial, manufacturing and utilities, with 64% of the total cumulative committed investments or RM67.69 billion being domestic investments while 36% or RM37.45 billion are foreign investments.
Najib, who is also the Finance Minister, said the tourism sector of Legoland Malaysia and Puteri Harbour Family Theme Park, the success of Educity namely Newcastle University, University of Southampton Malaysia Campus and Raffles University Iskandar, other educational institutions such as Marlborough College and Raffles American School and most excitingly, the retail sectors of KSL, Medini Lifestyle Retail Mall and Galleria @ Kota Raya, had added to the vibrancy of domestic consumption.
"I am also proud that that through IRDA, Iskandar Malaysia has taken a strong position in green and sustainable development as the MoA members today endorsed the launch of the Low Carbon Society blueprint during the 18th session of the Conference of Parties (COP18) in Doha on Nov 30," he said.