Iskandar Investment Berhad
- Iskandar Investment Berhad
Iskandar Investment Berhad ("Malay": Syarikat Permodalan Iskandar), formerly known as South Johor Investment Corporation Berhad is form 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 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, 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.
ee also
Iskandar Malaysia
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