The Iskandar Investment Board (IIB) launched Malaysia’s largest urban development at Cityscape Dubai last week.
Medini Iskandar, a 2,300 acre (920 hectares) international mixed-use urban development project consisting of nine clusters, should bring in about Dh20 billion in the next 15 to 20 years, said Arlida Ariff, managing director of the Malaysian-based Iskandar Investment Board.
The Iskandar Development Region will include 5 Economic Zones in the country’s southern peninsula. Many of the Zones will have tax concessions for investment in the local economy.
