Iskandar Malaysia (IM), is a strategic and important special economic zone located at the southern-most tip of Peninsular Malaysia and mainland Asia. South Johor is a geographically and economically important region with key industrial, logistics and commercial centres. IM will benefit from the economic opportunities that will be promoted within the Region.
Identified as one of the key catalysts and high-impact developments under the Ninth Malaysia Plan (2006-2010) the IM will be developed into a major regional commercial hub with first-world facilities. These facilities will encompass logistics and a comprehensive value-added platform with focus on state-of-the-art physical infrastructure and an investment-friendly business environment. Development of the IM offers a meaningful opportunity for the Malaysian Government, working in tandem with the private sector, to drive reforms and innovation in delivery systems, local government, physical planning, infrastructure development and environmental protection among others. This has driven many luxury condominium developments such as Twin Galaxyand Raffles Suites Nusajaya.
The Comprehensive Development Plan (CDP) 2006-2025 for IM, launched by the Malaysian Prime Minister on November 4th 2006, details the entire development agenda envisioned for the Region. The CDP identified Nusajaya as one of the pivotal and significant catalyst developments to spearhead and boost IM’s development. The Malaysian government’s support to ensure Nusajaya’s success is assured. Approximately USD 1.23 billion (RM2 billion) out of the USD 1.22 billion (RM4.3 billion) or 47% of the approved IM infrastructure projects under the Plan that will benefit Nusajaya encompass development/upgrading of highways, roads, airport, drainage and security.