MALAYSIA
will benefit from its 60 per cent holding in M-S Pte Ltd, the
Singapore-Malaysia joint venture company that will develop five plots of land
in Singapore, four in Marina South and one in Ophir-Rochor
Prime Minister Datuk Seri Najib Razak said in
a written reply to Hee Loy Sian (PKR-PJ Utara), that the gross development
value of the projects was estimated at RM27 billion (S$10 billion).
Najib, who is also finance minister, said
Malaysia has also received strong commitment from Singapore to build a Rapid
Transit System between Johor Baru and Singapore.
Najib said Iskandar's investment could
increase through Singapore's agreement to invest in a 500 acre "iconic
wellness township".
He said the joint venture between Khazanah
Nasional Bhd and Temasek Holdings, the investment arm of the Singapore
government, in the form of Pulau Indah Ventures Sdn Bhd would also improve the
business sentiments of Singaporean companies in Iskandar Malaysia.
The establishment of the joint-ministerial
committee in 2007 between the governments of the two countries and other
working groups to focus on immigration, transport, tourism and environment
would also be beneficial.
New Straits Times
Business & Investment Opportunities
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