Singapore real estate firms and UEM Land Sdn Bhd are in talks about joint projects in a US$105 billion (approximately RM332 billion) industrial and tourism zone in Johor. A blueprint to transform south Johor into a regional economic zone for industry, logistics, trade and leisure was revealed by Malaysia in 2006.
UEM Land managing director Wan Abdullah Wan Ibrahim said in an interview that the involvement of Singapore firms will boost investor confidence in the Iskandar Malaysia project which is just a few minutes away from the Causeway.
