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No slowing down of FDI to Iskandar M’sia

JOHOR BARU, 21 May 2009: The government does not expect Foreign Direct Investments (FDIs) to Iskandar Malaysia to suffer as a result of the current global economic slowdown, Prime Minister Datuk Seri Najib Razak said today.

Najib, who is also the Finance Minister, said the government expected the bullish inflow of FDI to Malaysia’s southernmost economic corridor to continue unabated.

“I don’t expect (the FDI inflow to Iskandar Malaysia to slow down). I think it is going to a prime area of development. It has attracted a lot of international interest.”

The developers have not slowed down, in fact they are pursuing their development, he told reporters after officiating Kota Iskandar’s District Cooling Building here, today.

The Prime Minister made a brief stop at Iskandar Malaysia, en route to Singapore, where he is scheduled to make his first official visit to the republic since taking office. — Bernama

To be updated

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