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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Trends

As Singapore eyes Iskandar, area anticipates new investment wave

Posted on 11 December 2012

The chief of the Iskandar Regional Development Authority said Iskandar Malaysia in Johor will develop into a metropolis of international standing. “To grow into a big metropolis, you need the right ingredients and we have it all in Iskandar,” IRDA chief executive, Ismail Ibrahim, said.
Ismail said the Khazanah Nasional and Temasek Holdings partnership to develop parcels of land in Iskandar has spurred interest among Singaporean investors. The two sovereign wealth funds plan to build 3 billion ringgit worth of properties in Iskandar through their partnership called Pulau Indah Ventures. Ismail said the project showed confidence from Singapore, which would lead to more investments from the country and other global investors………………………………………..Full Article: Source


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