Thursday, October 1, 2009

RM2bil Projects From Iskandar.

As economy recovers from crisis, good news comes a calling and one positive announcement is RM2 billion project over the next 12 months from Iskandar Investment Bhd (IIB) that would mean more employement.

IIB is the devleloper of Iskandar Malaysia. According to its president and chief executive Arlida Ariff the tenders would comprise projects under the Ninth Malaysia Plan (9MP), of which RM1bil had been allocated, and those investment committed by IIB.

The tenders to be awarded under the 9MP allocations are mainly infrastructure projects.

Meanwhile, 80% of the investment committed by IIB will be for infrastructure and the balance for mixed development,” Arlida was reported as saying.

She said the tenders would involve infrastucture in Medini and EduCity as well as accommodation units for students at Newcastle University Medicine Malaysia.The duration of contracts ranged from six to 24 months, depending on the job scope.