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Najib says IDR policies will be consistent
 
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Najib says IDR policies will be consistent
The IDR is an area almost three times the size of Singapore and is being promoted as a special economic zone in South Johor, luring billions of ringgit in fresh investments.
May 30, 2007
iProperty.com

"We are committed to seeing the Iskandar Development Region (IDR) succeed. We will not flip-flop," said Deputy Prime Minister Datuk Seri Najib Razak.

The IDR is an area almost three times the size of Singapore and is being promoted as a special economic zone in South Johor, luring billions of ringgit in fresh investments.

He assured investors that it will maintain the consistency of its policies to make the IDR a success at a one-day investment roadshow promoting Malaysia to foreign investors.

In March, Malaysia announced a number of incentives to attract investors to the region. One of them was an exemption from complying with a rule under which Bumiputera investors must be given equity interest in foreign business, a common roadblock among foreign investors.

"I gave assurances to them (investors) that the development of IDR is a concept that has the support of not just the Prime Minister, but one that has the support of the Cabinet."

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