What is Iskandar Malaysia
Iskandar Malaysia's Plan ;separate with
5Flagship Zones.
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Introduction
-The Iskandar Malaysia is set to become Southern Peninsular Malaysia's most developed region,where living,entertainment,environment and business seamlessly converge within a bustling and vibrant metropolis.Located at the southern most tip os Peninsular Malaysia,Iskandar Malaysia(within the state of Johor)is strategically positioned on the world busiest shipping routes,and the rich endownment of natural and human resources has both underpinned Johor's past successes and underscores Johor's future potential.
-Johor relative prosperity has been anchored by a celebrated history of uninterrupted and mutually reinforcing combination of political stability and continuity,a progressive and deeply revered Sultanate,and social and cultural cohesion among its multi-ethnic population that has been constant source of strength,innovation and renewal.Malaysia's world class nation connectivity infrastructure allows easy access to the domestic economy,oportunities and resources within the country.Being at the heart of the Asia region and at the cross-roads of the East-West trade routes cteates lucrative opportunities from growing economies such as Indonesia,China and India.Also with its proximity to an International hub and the large economy of Singapore,and having two road connections and railway links provides seamless accessibility to its market.And Iskandar Malaysia's global reach is supported by an international airport and two world class ports.
-Covering and area of 2.217 square kilometres,aproximately three times the size of Singapore,Iskandar Malaysia offers significant supply of land which is priced competitively.The region has ready infrastructure such as power utilities,transportation networks and services,and broad based telecommunications.The economy is well diversified with successful clusters emerging around the electronics,logistics,food and agriculture,turism and oil and petrochemical industries.Iskandar Malaysia is populated with a multi-lingual(including English)and educated workforce,providing skillde people ranging from the services,technical to the professional sectors.Investors and business operators venturing into Iskandar Malaysia are able to take advantage of the competitive cost structure of doing business here.
-Being an initiative of Malaysia Federal Government,along with the Johor State Government,Iskandar Malaysia's vision to be a strong and sustainable metropolis of international standing has the continued commitment,support and sponsorship of the Governments of this country and state.
F l a g s h i p A : J o h o r B a h r u C i t y
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.
Johor Bahru is the Central Business District and the State Capital of Johor. It is also the main gateway into and out of Singapore (via the Causeway).
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.
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.
Population : 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.
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J o h o r B a h r u V i e w
F l a g s h i p B : N u s a j a y a
Introduction
Nusajaya, a key component of Iskandar Malaysia with 24,000 acres of contiguous development-ready land, is one of the largest property development in South East Asia.
Flagship B will be a major new growth centre of Iskandar Malaysia where most of the catalyst projects will be developed within the area. The projected population size for this area by 2025 is 500,000.
Current key economic activities in Flagship B are focused on mixed property development, state & federal administration and logistics. Going forward, Flagship B would be the hub for creative arts and entertainment, medical facilities, educational institutions, tourism, biotechnology and hi-tech manufacturing. Hence, Flagship B offers a wide range of investment opportunities for investors to participate in the development of Iskandar Malaysia, either by embarking in joint-venture developments or acquiring parcels of prime development land in Nusajaya.
Key players in Nusajaya are property developers including UEM Land, Iskandar Investment Berhad and Mulpha International Bhd, SP Setia, to name a few. In August 2007, the Middle Eastern Consortium (Mubadala, Kuwait Finance House and Millennium Development) and Iskandar Investment Berhad had signed a MOU to develop a RM4.2 billion (US$1.2 billion) integrated international city development, referred to as Medini (formerly known as Node 1).
Most land banks in Flagship B are Residential (freehold and leasehold) and Industrial types (freehold or 20+40-year leasehold).
Overview
Location
Nusajaya is located west of Johor Bahru, in close proximity to Port of Tanjung Pelepas and Gelang Patah. It is also strategically located within a 45-minute drive from Singapore's Changi International Airport, a regional aviation hub, and 20 minutes from Johor's Senai International Airport. The regional city combines residential, commercial and industrial elements.
Key Functions/Activities
Nusajaya comprises seven signature developments: Kota Iskandar (Johor state new administrative centre), the Southern Industrial and Logistics Clusters (SiLC), Puteri Harbour Waterfront Development, EduCity, Afiat Healthpark, International Destination Resort and Nusajaya Residences, all within a city that sets the benchmark for integrated developments across the globe.
K o t a I s k a n d a r V i e w ( N u s a j a y a )
F l a g s h i p C : ( W e s t e r n G a t e D e v e l o p m e n t )
The key economic activities in Flagship C are port and marine services, warehousing, logistics, engineering, hi-tech manufacturing, food production, petrochemical industry, entreport trade. Flagship C boasts a logistic centre, regional distribution centres, regional procurement centres and utilities (power).
MMC Corp Bhd, a public-listed company in Bursa Malaysia, is the main player in Flagship C via its shareholdings in the Port of Tanjung Pelepas (PTP) and the Tanjung Bin Power Plant.
Most of the land banks in Flagship C are agricultural lands and mangrove forests.
In terms of land bank availability, about 700 acres in the Free Trade Zone in Port of Tanjung Pelepas (PTP) are still available for development in various sectors including warehousing, international procurement and more. The proposed 2,215 acres of the Maritime Centre at Tanjung Bin also offer investment opportunities to players in oil and gas industry.
As of February 2008, land prices in Flagship C ranged around RM18 (US$5) per sq ft (for industrial/commercial use).
Convenient expressways connect the area to Johor Bahru and Kuala Lumpur. It takes only 30 minutes to drive from Flagship C to Johor Bahru and the Senai Airport. In the future, there will be a MRT/LRT system connecting Flagship C to the Johor Bahru City Centre and elsewhere.
Location
Flagship C is located within the south-western region of Iskandar Malaysia. It is bound by Mukim Jeram Batu and Mukim Jelutong to the north; Mukim Serkat and Mukim Sungai Karang to the west; Selat Tebrau to the south; and Gelang Patah and Nusajaya to the east. It covers an area of more than 30,000 acres.
Population
The total population of Flagship C is about 45,000, mostly concentrated near the Port of Tanjung Pelepas (est. 25,000), Mukim Jeram Batu (est. 11,000), Mukim Serkat (est. 5,000) and Mukim Sungai Karang (est. 2,000).
T a n j u n g P e l e p a s P o r t
F l a g s h i p D : ( E a s t e r n G a t e D e v e l o p m e n t )
As one of the key components of Iskandar Malaysia, the industrial and manufacturing hub in the southern region of Peninsular Malaysia encompasses 31,132 ha of the Pasir Gudang area. Flagship D covers Pasir Gudang Port, Pasir Gudang Industrial Park, Tanjung Langsat Port and Tanjung Langsat Industrial Complex.
Current key economic activities in Flagship D are focused on heavy industries and logistics, including electrical and electronics (E&E), chemical, oleochemical, food and engineering-based industries as well as ports and logistics and warehousing. Flagship D has the largest concentration of palm oil refining industries and downstream activities in the world.Key players in Pasir Gudang include both local and international companies such as Bahru Steel, Panasonic, Titan, Kiswire, Western Digital and IOI Loders. Most land banks in Flagship D are industrial zone (leasehold: '30+30'-year lease or 60-year lease) and residential-type (freehold and leasehold).
As of 15 February 2008, the price of industrial land in Pasir Gudang ranged between RM14 - RM20 (US$5 - US$7) per sq ft for a '30+30'-year lease and RM17 - RM30 (US$6 - US$10) per sq ft for a 60-year lease.
Location
Pasir Gudang is located 30 km east of Johor Bahru. It is located at the western end of the Johor Bahru metropolitan area. The population is around 100,000.
Key Functions/Activities
Key economic activities in the Pasir Gudang area are electrical and electronic (E&E), chemical, oleochemical, chemical biofuels, food products, engineering-based industries, ports and logistics, warehousing, research and development (R&D) and plastics.
P a s i r G u d a n g I n d u s t r i a l P a r k
T h e K i t e M u s e u m
F l a g s h i p C : S e n a i - S k u d a i
Current key economic activities in Flagship E are airport services, engineering, electrical and electronics (E&E) and education. Going forward, Flagship E would also be the hub for agro and food processing, ICT and retail tourism.
With more than 1,000 acres of available land bank within the vicinity of Senai Airport, investors will have the advantage of setting up large-scale commercial and airport-related enterprises at attractive low rates. Other strategic land banks owned by developers also offer various investment opportunities.
As of February 2008, land prices in Flagship E ranged from RM4 to RM19 (US$1.5 - US$6) per sq ft for industrial/commercial use and RM80 to RM300 (US$18 - US$90) per sq ft for residential use.
Flagship E is synonymous with Senai International Airport and Universiti Teknologi Malaysia (UTM). Other key players include Lee Rubber, Boustead, Genting Property, IOI Properties and Johor Corporation.
Senai Airport is envisaged to be the No. 2 airport in the region after Changi Airport by 2025. It takes only 30 minutes to drive from Johor Bahru to Senai Airport. In the future, a multi-modal terminal and cyber city will be developed in Flagship E. There will also be an MRT/LRT system connecting Flagship E to the Johor Bahru City Centre and elsewhere.
Location
Senai-Skudai development is located within the northern region of Iskandar Malaysia. It is bound by Mukim Sedenak to the north; Gunung Pulai to the west; Mukim Tebrau to the south; and Seelong to the east.
Senai is a transit town situated 25 km from Johor Bahru, Malaysia. Flagship E covers 2 small towns in Iskandar Malaysia, namely Senai and Skudai. Skudai is a rapidly expanding suburb of Johor Bahru. Skudai is part of the new growth corridor of south-west Johor. Senai is located 4 km south from Kulai, and 4 km north of Skudai. Expressway E3 links Senai Airport with Tuas in Singapore at the other end.
Key Functions/Activities
Apart from Senai International Airport, it is also the base for several major multinational electronics manufacturers. Other key landmarks in the Senai-Skudai area include Universiti Teknologi Malaysia (UTM) and Johor Technology Park.
S u l t a n I s m a i l I n t e r n a t i o n a l A i r p o r t ( S e n a i A i r p o r t )
S e n a i P a r k ( S e n a i F r e e Z o n e )
M a s t e r p l a n : M S C M a l a y s i a C y b e r p o r t C i t y
PETRONAS TO INVEST RM60BILLION IN JOHOR
R e f i n e r y , p e t r o c h e m i c a l h u b f o r J o h o r
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) yesterday unveiled its plan to develop a US$20 billion (RM60 billion) integrated refinery and petrochemical complex in southern Johor.
The project, known as Refinery and Petrochemicals Integrated Development (Rapid), will take the national oil company to the next level — from being a basic commodities player to one in the higher margin and specialty business sector — in the oil and gas industry.
Prime Minister Datuk Seri Najib Razak described the project as a bold move by Petronas, as the planned crude oil refining capacity was larger than the combined capacities of Petronas’ refineries in Malacca and Kerteh.
“The capacity at the proposed petrochemical development of the Rapid project also exceeds the combined output of the Kerteh and Gebeng integrated petrochemical complexes, in the east coast of Peninsular Malaysia,” Najib said after making a tour of Petronas’ head office here yesterday.
He said the commitment to an ambitious expansion in its downstream production capacity signified the depth of Petronas’ ambition to capture the opportunities in Asia’s dynamic chemicals segment. “These efforts will also strengthen and help diversify the country’s export capabilities.” Najib said Rapid would be located in Johor to leverage on the numerous advantages the location would offer, namely its large land acreage, strategic location near major international shipping lanes,deepwater port facilities and close to demand centres that will facilitate potential collaboration with global partners in logistics and product distr ibution.
At an estimated cost of about US$20 billion, he said Rapid, which sits on a 1,000ha site in Pengerang, was expected to be ready by mid- 2016.
It would include the construction of a crude oil refinery, a naphtha cracker and a joint petrochemical development .
Meanwhile, Petronas president and chief executive officer Datuk Shamsul Azhar Abbas said a detailed feasibility study would be completed by September this year, while a final investment decision was to be made by the end of next year.
“Initial studies show that it’s a clear flyer,” he said after the announcement by Najib.
While Petronas has not finalised the product slate for Rapid, Shamsul said he envisaged more than 80 per cent of the products would be new to Petronas ’ product development expertise.
This made it critical for the right partners to be brought into the project.
“Only high-end partners, who are already out of commodities and into the life sciences will be selected.” He said these partners would be both technology and equity owners of the projects.
“We have been getting a lot of interest from foreign parties who are having to expand overseas because their home countries are on the earthquake belt.” He cited that the US$20 billion sum quoted was only for the construction of the three central facilities within the Rapid project area, namely the refinery, naptha cracker and petrochemical plant.
“We will only know the exact amount after we complete the final investment decision which is expected by the end of next year.” Shamsul said the first facility would be a crude oil refinery, with a throughput capacity of nearly 300,000 barrels per day, which would produce refined petroleum products such as gasoline, jet fuel and diesel for Malaysia as well as for the region.
The second, he said, would be the naptha cracker, with a capacity to produce three million tonnes of ethylene, propylene as well as C4 and C5 olefins, while the third facility would be a joint petrochemical development, with a combined production capacity of more than three million tonnes per year.
“This will be done in partnership with renowned chemical companies. ”
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