Monday, 9 June 2014

Malaysia Business Incentive Hub - Johor Iskandar

Malaysia Next Business Incentive Waiver Hub - Johor Iskandar



***Image from www.iskandarmalaysia.com.my***

Overview:


The city of Johor Bahru is Malaysia's 'Southern Gateway', receiving 60% of foreign tourists who visit Malaysia. It is a major holiday and shopping destination for neighbouring Singaporeans due to the comparatively lower cost of goods and services.


The current key economic activities in Flagship A are financial services, commerce and retail, arts and culture, hospitality, urban tourism, plastic manufacturing, electrical and electronics (E&E) and food processing.


As of February 2008, land prices in Flagship A range from RM30 to RM150 (US$9 - US$45) per sq ft for residential use, and RM70 to RM280 (US$20 - US$45) per sq ft for commercial use.
In the future, a multi-modal terminal will be developed in Flagship A, as well as an MRT/LRT system connecting Johor Bahru City Centre to other areas in Iskandar Malaysia.


Location:


Johor Bahru is located within the central region of Iskandar Malaysia. It is bound by Senai to the north, Nusajaya to the west, Singapore to the south, and Pasir Gudang to the east.


Key players:


Key players in Flagship A include global financial institutions - Citigroup, HSBC and Kuwait Finance House, major manufacturers - YKK, Celestica, Lion Group, Sumitomo and Kerry’s Ingredients as well as local developers - Danga Bay Holdings, Pelangi, Mah Sing and Crescendo.


Populations:


One of Southeast Asia's most populous urban areas, Johor Bahru is an important industrial, tourist and commercial hub for Southern Peninsular Malaysia. With a population slightly above 1 million in the city, the population growth rate is among the highest in Malaysia.


Connectivity:


There are two major highways linking the city centre to the suburbs, with the Tebrau Highway linking the city to the north-east and the Tun Abdul Razak (TAR) Highway/Senai-Skudai Highway linking it to the north-west.


The Pasir Gudang Highway and the connecting Johor Bahru Parkway cross Tebrau Highway and TAR Highway about midway, serving as the Middle Ring Road of the metropolitan area.


The Causeway links the city to Singapore with a six-lane road and a railway line.


Additionally, three more highway s are being constructed which are the Coastal Highway (Danga Bay-Nusajaya), the Eastern Dispersal Link (JB CIQ-North/South highway) and East-West Link (Permas-Pasir Gudang).


Key Landmarks:


CIQ



Sultan Ibrahim Building




City Centre








Causeway Link




Danga Bay






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