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Sovereign Wealth Funds Briefing - Categorized | Investment

More Singapore investments expected in Iskandar

Posted on 30 August 2010

From Thestar.com.my: Iskandar Regional Development Authority (Irda) chief executive officer Ismail Ibrahim said many were taking the cue from the commitment shown by Najib and his counterpart Lee Hsien Loong for the two countries to work closely for mutual economic benefits. This, Ismail said, was reflected in the involvement of Malaysia and Singapore’s investment arms, Khazanah Nasional Bhd and Temasek Holdings Ltd, to jointly develop an iconic wellness township project in a 50:50 joint venture in Iskandar.

According to Johor Mentri Besar Datuk Abdul Ghani Othman, who is also Irda’s co-chairman with Najib, the project would be developed on a 202ha site in Danga Bay here and works were likely to start by the year-end…………………………………….Full Article: Source


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