Iskandar Investment Berhad
Encyclopedia
Iskandar Investment Berhad (Malay
: Syarikat Permodalan Iskandar), formerly known as South Johor Investment Corporation Berhad was formed on 2 November 2006. Heads of Agreement was signed to form a new company to drive the development of catalyst projects (previously referred to as "super developer"), the Iskandar Investment with an eventual shareholding structure of Khazanah Nasional
(60%), EPF (20%) and Kumpulan Prasarana Rakyat Johor Berhad (KPRJ) (20%), a company wholly owned by the Johor
State Government. The definitive agreements were signed on 19 December 2006 and is expected to be completed in May 2007.
Iskandar Investment Berhad (IIB) will be set up with total assets of approximately RM3.4bn of land and cash at the outset. It will also own a significant land bank in South Johor through various subsidiaries and Joint Venture companies which will be created in the future. As a company wholly owned by Federal and State government investment agencies, IIB will lead the implementation of various strategic and catalyst Iskandar Malaysia
initiatives including implementing of some of the major Ninth Malaysia Plan
projects within the Iskandar Malaysia
through various Special Purpose Vehicles and partnerships with the private sector.
IIB will also own a significant land bank in South Johor through various subsidiaries and Joint Venture companies which will be created in the future. Iskandar Investment will lead the implementation of various strategic and catalyst Iskandar Malaysia initiatives including implementing of some of the major Ninth Malaysia Plan projects within the Iskandar Malaysia through various Special Purpose Vehicles and partnerships with the private sector.
IIB does this by investing in selected strategic and catalytic initiatives through shareholding stakes in joint ventures or contribution of land either through sale or lease or granting of a concession or development rights. The mission of Iskandar Investment is to deliver sustainable value as they transform Iskandar Malaysia into a strong, sustainable conurbation of international standing
Malay language
Malay is a major language of the Austronesian family. It is the official language of Malaysia , Indonesia , Brunei and Singapore...
: Syarikat Permodalan Iskandar), formerly known as South Johor Investment Corporation Berhad was formed on 2 November 2006. Heads of Agreement was signed to form a new company to drive the development of catalyst projects (previously referred to as "super developer"), the Iskandar Investment with an eventual shareholding structure of Khazanah Nasional
Khazanah Nasional
Khazanah Nasional Berhad is the investment holding arm of the Government of Malaysia entrusted to hold and manage the commercial assets of the government and to undertake strategic investments. Khazanah was incorporated under the Companies Act 1965 on 3 September 1993 as a public limited company...
(60%), EPF (20%) and Kumpulan Prasarana Rakyat Johor Berhad (KPRJ) (20%), a company wholly owned by the Johor
Johor
Johor is a Malaysian state, located in the southern portion of Peninsular Malaysia. It is one of the most developed states in Malaysia. The state capital city and royal city of Johor is Johor Bahru, formerly known as Tanjung Puteri...
State Government. The definitive agreements were signed on 19 December 2006 and is expected to be completed in May 2007.
Iskandar Investment Berhad (IIB) will be set up with total assets of approximately RM3.4bn of land and cash at the outset. It will also own a significant land bank in South Johor through various subsidiaries and Joint Venture companies which will be created in the future. As a company wholly owned by Federal and State government investment agencies, IIB will lead the implementation of various strategic and catalyst Iskandar Malaysia
Iskandar Malaysia
Iskandar Malaysia ', formerly known as Iskandar Development Region and South Johor Economic Region is the main southern development corridor in Johor, Malaysia. The Iskandar Malaysia was established on 30 July 2006...
initiatives including implementing of some of the major Ninth Malaysia Plan
Ninth Malaysia Plan
Ninth Malaysian Plan abbreviated as '9MP', is a comprehensive blueprint prepared by the Economic Planning Unit of the Prime Minister's Department and the Finance Ministry of Malaysia with approval by the Cabinet of Malaysia to allocate the national budget from the year 2006 to 2010 to all...
projects within the Iskandar Malaysia
Iskandar Malaysia
Iskandar Malaysia ', formerly known as Iskandar Development Region and South Johor Economic Region is the main southern development corridor in Johor, Malaysia. The Iskandar Malaysia was established on 30 July 2006...
through various Special Purpose Vehicles and partnerships with the private sector.
IIB will also own a significant land bank in South Johor through various subsidiaries and Joint Venture companies which will be created in the future. Iskandar Investment will lead the implementation of various strategic and catalyst Iskandar Malaysia initiatives including implementing of some of the major Ninth Malaysia Plan projects within the Iskandar Malaysia through various Special Purpose Vehicles and partnerships with the private sector.
IIB does this by investing in selected strategic and catalytic initiatives through shareholding stakes in joint ventures or contribution of land either through sale or lease or granting of a concession or development rights. The mission of Iskandar Investment is to deliver sustainable value as they transform Iskandar Malaysia into a strong, sustainable conurbation of international standing