The main southern development corridor in Johor, Iskandar Malaysia targets to attract investments of RM13 billion annually into the region, with a target of RM73.3 billion in the next five years following the completion of key infrastructure, education and tourism projects by 2012.
As of December 31, 2010, Iskandar Malaysia recorded a total of RM69.43 billion in investment. The development corridor targeted to reach a total investment of RM383 billion by 2025, said Iskandar Regional Development Authority (IRDA) chief executive officer Ismail Ibrahim during an Invest Malaysia 2011 press conference.
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