IRDA attracts RM10.9b investments in 1H2018

JOHOR BARU: The Iskandar Regional Development Authority (IRDA) attracted cumulative investments of RM10.9 billion in the first six months of this year.

Johor Mentri besar Datuk Osman Sapian said this raised the cumulative committed investments since 2006 to RM263.95 billion.

To date, 58% or RM154.14 billion of the total investments had been realised. Of the committed investments of RM263.95 billion, domestic investments account for 61% or RM161 billion.

Osman said of the RM102.9 billion foreign investments received, China contributed the highest amount at RM36.35 billion, followed by Singapore (RM21.98 billion), the US (RM6.87 billion), Japan (RM4.41 billion) and Spain (RM4.18 billion). From 2006 to June 2018, Asean accounted for RM23.74 billion in investments and the European Union RM13.62 billion. – Bernama

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