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Wednesday, September 30, 2009

Iskandar Investment to award RM2b project

CATALYTIC developer of Iskandar Malaysia, Iskandar Investment Bhd, expects to tender out RM2 billion worth of projects in the next 12 months, president and chief executive officer Arlida Ariff said today.

The tenders comprise RM1 billion worth of infrastructure projects under the Ninth Malaysia Plan and another RM1 billion worth of other infrastructure and construction projects, she said.

"These infrastructure and construction projects will likely take six to 24 months to be completed," she told a media briefing on the sidelines of the Ninth Forbes Global CEO Conference.

This will involve infrastructure in Medini and EduCity as well as residential units for students in Newcastle University Medicine Malaysia.

Iskandar Investment currently owns two per cent of the whole Iskandar region which encompasses 2,200 square kilometres of land.

By Bernama

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