Friday, May 22, 2009

Najib To Pitch For Iskandar

Source : The Straits Times, May 21, 2009

JOHOR BARU: Malaysian Prime Minister Najib Razak will make a pitch for the Iskandar project as a promising venture for Singaporeans to invest in when he meets Prime Minister Lee Hsien Loong on Friday.

Malaysian Prime Minister Najib Razak (left) will make a pitch for the Iskandar project as a promising venture for Singaporeans. --PHOTO: ST

Having said that he will place cooperation in Iskandar high on his agenda, Datuk Seri Najib visited the economic corridor in Johor on Thursday, just before he travelled overland into Singapore for his introductory visit.

In the morning, he did an aerial survey of the 2,200 sq km project by helicopter. Then, he launched an environmentally-friendly 'district cooling plant', which uses a centralised air-conditioning network system to cool all the buildings in Kota Iskandar - the new administrative centre of the Johor government.

Speaking to reporters after that, he pointed out that Iskandar not only creates economic opportunities, but also reaps social benefits by maintaining a 'sustainable and balanced' environment for the next generation.

He added that his message in Singapore would be that Iskandar 'is a very promising and exciting development for Singapore to consider'.

And that assessment applies 'whether at the strategic level, for their participation at the equity and development level, or for individual Singaporeans to consider, like purchasing houses and properties,' he said.

Launched in November 2006 by former Malaysian premier Abdullah Badawi, Iskandar is Malaysia's main southern development corridor.

Mr Najib said the Malaysian government would continue to support the development of Iskandar, which has attracted RM42.6 billion in investments so far.

He also does not expect foreign direct investment to Iskandar to suffer, despite the global economic downturn.

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