MALAYSIA - Middle East investment boost for IDR

thestar.com.my, August 28, 2007

Investors from the Middle East are expected to ink an agreement tomorrow to commit billions of ringgit into the Iskandar Development Region, making them the pioneer investors.
Malaysia’s reputation as a destination for foreign investment will certainly be burnished with the news that these Middle Eastern investors would be making a significant investment in the project.
Government officials are tight-lipped about the matter but several analysts believe that the initial investment could be more than RM3bil. This investment will kick-start the Iskandar project, an ambitious plan to develop a large swathe of south Johor into a global city.

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