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Monday, November 19, 2007

US-Malaysia Business Council to give input on IDR

KUALA LUMPUR: The US-Malaysia Business Council members have indicated they are ready to give their input as well as engage in dialogues on the Iskandar Development Region to enhance the attractiveness of the south Johor development project internationally.

Council chairman Joseph Alhadeff said the project was worth “close monitoring” as it had lined up several positive incentive structures to attract investors and businessmen.

“We have indicated that we are more than happy to keep the dialogues open with them (Iskandar Regional Development Authority) on how we can be helpful,” he said in an interview.

He said the council would disseminate information on IDR to US businessmen and investors.

Six targeted sectors identified for development in the IDR are financial advisory and consulting services, creative industries, logistics, educational services, tourism related services, and healthcare.

Other economic corridors recently rolled out in the country are the Northern Corridor Economic Region and Eastern Corridor Economic Region.

Alhadeff said the advantage of the IDR was its proximity to Singapore, apart from its natural resources and ports which are already “developed and can be developed”.

By Bernama

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