malaysias-iskandar-project-shifts-a-gear

MalaysiaÆs Iskandar project shifts a gear

As the master plan for the Iskandar Financial District is submitted to the Malaysian government, developer Richard Polkinghorne talks about the status of the project.

By Edward Russell

November 27, 2008

On the southern tip of Malaysia, just across the Johor Strait from Singapore, is a land strip called Iskandar. Today home to the small city of Johor Bahru, Iskandar is slated to become the new heart of Malaysia.

At an initial cost of M$4.3 billion $1.5 billion, the Iskandar project is currently the largest development project in Malaysia. The aim is to build a new manufacturing, economic and social hub for the country and MalaysiaÆs leaders are deploying their competitive advantages to make it a success. At the centre of that plan is the Iskandar Financial District, which is slated to become an Islamic finance hub, as well as an offshore banking centre and...

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