Consolidating resort group
The cooperation on CIQ is also a symbolic gesture, showing the positive diplomatic relationship between Malaysia and Singapore.
In 2011 the two governments resolved a dispute over the ownership of railway land in the latter.
With the exception of Senai-Skudai in the north of IM, all the zones skirt Johor’s southern border, facing Singapore – a significant geographic orientation.
Significant numbers of jobs were also created in the oil and gas, biotechnology and retail sectors.
Co-chaired by the prime minister and the chief minister of Johor, and containing representatives of federal ministries, local agencies and the State Planning Committee, the Iskandar Regional Development Authority (IRDA) is the major implementation agency for the corridor.
Three other bodies are also key members of the authority: Khazanah Nasional, the government’s strategic investment fund; the Johor Corporation, Johor state’s investment corporation; and the Iskandar Investment Board, an investment holding company that works in close partnership with the IRDA.
More than 30% of all investment projects under the Economic Transformation Programme (ETP) are located in this state, as it seeks to build itself into a competitor to neighbouring Singapore.
At 221,634 ha of land, the region covered by IM includes the new administrative capital of Nusajaya, the city of Johor Bahru and Johor-Bahru district, along with parts of the neighbouring district of Pontian.