KUALA LUMPUR: The Iskandar Regional Development Authority’s (IRDA) target to achieve cumulative investments of RM636 billion by 2023 is among Iskandar Malaysia’s strategies to assist the country in becoming one of the top 30 global economies and the top 12 in global competitiveness.
Prime Minister Datuk Seri Anwar Ibrahim said that during the same period, IRDA is also aiming for a gross domestic product (GDP) growth rate of 5.5-6.5% and a GDP per capita of RM58,800.
“I believe that the growth targets for Iskandar Malaysia will also be driven by initiatives such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Forest City Special Financial Zone,” he said in a statement on X.
During the 32nd IRDA Members’ Meeting that the Prime Minister chaired, the future direction of the Corridor Authority was examined, along with the coordination of the Iskandar Malaysia Comprehensive Development Plan III (2022-2023) under the MADANI Economy agenda.
“The meeting also discussed strategic initiatives to improve the Iskandar Malaysia Investment Service Centre and enhance socio-economic development through equitable job matching,” said Anwar, who is also the Finance Minister.
He added that this is in line with the government’s decision to restructure the country’s investment promotion agencies, starting with the alignment of function and roles of investment-related regional economic corridors.
The meeting was also attended by Johor Menteri Besar Datuk Onn Hafiz Ghazi; Economic Minister Rafizi Ramli; and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
— BERNAMA
