ISKANDAR MALAYSIA
Tanjung Piai Maritime Industrial Park
Spanning 2,217 sq. km, Iskandar Malaysia is an integrated development in Johor with five strategically planned flagship zones with designated economic activities.
Initiated in 2010 by the Malaysian Government as one of the platforms to feature the country’s Economic Transformation Programme (ETP), Iskandar Malaysia aims to attract foreign investments and human capital in preparation to elevate the country to developed-nation status by 2020.
Nine economic clusters, including the Petrochemical and Oleochemical cluster, have been identified as key economic thrusts for the Iskandar Malysia Comprehensive Development Plan 2010-2025.
Tanjung Piai Maritime Industrial Park falls within Flagship Zone C under Iskandar Malaysia, also known as the Western Gate Development focusing on development of a maritime centre comprising oil terminal activities, cargo-handling facilities, logistics parks, shipyards, dry-docks and real estate development. Two other key development projects in the same flagship zone are the Port of Tanjung Pelepas and the Tanjung Bin Petrochemical and Maritime Industries.
OUR VALUE PROPOSITIONS
- 6-8 hours flight radius from asia’s burgeoning growth centres.
- Within reach of a global market of 800 million people
- Accessible by air, land, rail and sea.
- Flanked by 3 major ports; Pasir Gudang Port, Port of Tanjung Pelepas and Tanjung Langsat Port.
- The largest single development project ever to be undertaken in the region.
OUR BEST ASSETS
One of Iskandar Malaysia’s greatest assets is its strategic location in the heart of SE Asia adjacent to an established regional hub. It is well positioned to leverage on the fast growing economic powerhouses of India and China as well as the ASEAN region.
Iskandar Malaysia is also located along the busiest sea trade routes in the world. The east-west trade route is currently handling 260 million twenty-foot equivalent units (TEU) and two of the world’s major port basins located along this route are the Pearl River Delta (Hong Kong-Shenzen-Guangzhou) and the Straits of Malacca (Singapore-Tanjung Pelepas-Port Klang).
CONNECTED TO THE WORLD’S MAJOR ECONOMIES
Within an eight-hour flight radius, Iskandar Malaysia is connected to three of the world’s major economies; China, India and Japan, apart from having access to a total of more than three billion population in various cities in South East Asia and parts of Asia Pacific. Our linkages with China, India, Japan and South Korea will further boost your businesses in the core and emerging economic sectors. Some areas of investments include advanced manufacturing technologies, advanced creative cluster, information and communication technology, and tourism.
Our close proximity to Singapore has developed strong economic linkages particularly in the sectors of electrical and electronics, food and agroprocessing as well as logistics. Iskandar Malaysia complements Singapore, and vice versa through the various lifestyle and recreation offerings available at both destinations. The proposed High Speed Rail (HSR) between Kuala Lumpur and Singapore via Nusajaya in Iskandar Malaysia and the Rapid Transit System (RTS) Link from Singapore to Iskandar Malaysia will help to spur more economic linkages focussing on tourism, healthcare, education and business services between Iskandar Malaysia and Singapore in the near future.
A GREEN AND SUSTAINABLE DEVELOPMENT
IRDA – The agency set up to plan, promote and facilitate the development of Iskandar Malaysia, helped start a major research study called Low Carbon Society for Iskandar Malaysia (LCSIM) with UTM, Kyoto University, Okayama University and the National Institute for Environmental Studies (NIES) of Japan.
ECONOMIC POTENTIAL FROM BATAM-BINTAN-KARIMUN
The economic growth area between Iskandar Malaysia, Singapore and the Batam-Bintan-Karimun islands, offers the opportunity to create a world-class petrochemical and oil and gas and integrated port services hub which can rival the ports of Antwerp-Rotterdam-Amsterdam. The region is expected to benefit from petrochemical and oil and gas industry as Singapore has already created a spillover effect to Batam-Bintan-Karimun islands with marine-related and logistics activities operated by Singapore-based companies.
GROWTH TARGETS
Based on Iskandar Malaysia Comprehensive Development Plan II (CDPii), the GDP of Iskandar Malaysia has been projected to increase from RM52.1 billion in 2013 to RM120.4 billion by 2025 with an annual average growth rate of 7.3 percent within a period of 12 years.
The targeted GDP growth set to be achieved by 2025 requires huge investments. It is projected that over the 10-year period of 2013-2022, a cumulative amount of RM176 billion in investments is required in order to achieve the projected growth over the 12-year period from 2013 to 2025 to achieve a total cumulative committed amount of RM383 billion by 2025.
Population of Iskandar Malaysia in 2013 is estimated to be approximately 1.8 million and expected to grow to 3.0 million by 2025. As Iskandar Malaysia continues to develop, it is expected that the region will create more employment opportunities in the future. The total employed person in Iskandar Malaysia is expected to reach 1.31 million.
Besides the economic indicators, the end result of Iskandar Malaysia’s development will also reflects on higher quality of life, better facilities and amenities and also a better infrastructure and transportation system.
WESTERN GATE DEVELOPMENT AT FLAGSHIP ZONE C
PORT OF TANJUNG PELEPAS (PTP)
Since its humble beginning in 1999, the Port Of Tanjung Pelepas (PTP) has grown into one of the world’s major container ports. In a short span of six years, PTP throughput volumes have grown by ten-fold. In recognition of the rapid growth and excellent services offered, the port was voted ‘Asia’s Container Terminal of the Year’ in 2004 and 2006.
SECOND LINK TO SINGAPORE
Second Link To Singapore The Malaysia-Singapore Second Link is a bridge connecting Singapore and Johor, Malaysia. In Singapore, it is officially known as the Tuas Second Link. It was opened to traffic on 2 January 1998. The bridge was built to reduce traffic congestion on the Johor-Singapore Causeway. The twin-deck bridge supports a dual three- laned carriageway linking Kampong Ladang at Tanjung Kupang, Johor to Jalan Ahmad Ibrahim at Tuas, Singapore. The total length of the bridge over water is 1,920m (6,300ft).
TANJUNG BIN POWER PLANT
Tanjung Bin Power Sdn Bhd has been granted a licence to construct, operate and own a 2,100MW coal-fired power plant in Tanjung Bin, Johor, for a 25-year period, effective from the commercial operation date of the first unit. The power plant comprises three power-generating units, each with a nominal net capacity of 700MW. Tanjung Bin Power Sdn Bhd is a 90% subsidiary of Malakoff Corporation Berhad which in turn is a 51%-owned subsidiary of MMC Berhad.
RAMSAR HERITAGE PARK
Pulau Kukup, Sungai Pulai and Tanjung Piai were designated as Ramsar sites on 31 January 2003. Covering about 23,000 acres, the Ramsar site in Johor is the largest uninhabited mangrove island in the world. The Ramsar sites provide great opportunities for tourism activities. The location of three of Malaysia’s six Ramsar sites in Iskandar Malaysia gives IM a unique position in the eyes of the world because these areas are recognized worldwide as wetlands of international standing. What makes the Johor Ramsar sites unique is the concentration of 25 species of mangroves, which cannot be found anywhere else in the world, in all three sites.
WESTERN GATE DEVELOPMENT AT FLAGSHIP ZONE C
PORT OF TANJUNG PELEPAS (PTP)
Since its humble beginning in 1999, the Port Of Tanjung Pelepas (PTP) has grown into one of the world’s major container ports. In a short span of six years, PTP throughput volumes have grown by ten-fold. In recognition of the rapid growth and excellent services offered, the port was voted ‘Asia’s Container Terminal of the Year’ in 2004 and 2006.
SECOND LINK TO SINGAPORE
Second Link To Singapore The Malaysia-Singapore Second Link is a bridge connecting Singapore and Johor, Malaysia. In Singapore, it is officially known as the Tuas Second Link. It was opened to traffic on 2 January 1998. The bridge was built to reduce traffic congestion on the Johor-Singapore Causeway. The twin-deck bridge supports a dual three- laned carriageway linking Kampong Ladang at Tanjung Kupang, Johor to Jalan Ahmad Ibrahim at Tuas, Singapore. The total length of the bridge over water is 1,920m (6,300ft).
TANJUNG BIN POWER PLANT
Tanjung Bin Power Sdn Bhd has been granted a licence to construct, operate and own a 2,100MW coal-fired power plant in Tanjung Bin, Johor, for a 25-year period, effective from the commercial operation date of the first unit. The power plant comprises three power-generating units, each with a nominal net capacity of 700MW. Tanjung Bin Power Sdn Bhd is a 90% subsidiary of Malakoff Corporation Berhad which in turn is a 51%-owned subsidiary of MMC Berhad.
RAMSAR HERITAGE PARK
Pulau Kukup, Sungai Pulai and Tanjung Piai were designated as Ramsar sites on 31 January 2003. Covering about 23,000 acres, the Ramsar site in Johor is the largest uninhabited mangrove island in the world. The Ramsar sites provide great opportunities for tourism activities. The location of three of Malaysia’s six Ramsar sites in Iskandar Malaysia gives IM a unique position in the eyes of the world because these areas are recognized worldwide as wetlands of international standing. What makes the Johor Ramsar sites unique is the concentration of 25 species of mangroves, which cannot be found anywhere else in the world, in all three sites.
SETTING UP BUSINESSES & TAX INCENTIVES
Iskandar Malaysia’s investment attractiveness also lies in the various tax and non-tax incentives offered by the Iskandar Regional Development Authority (IRDA). If you plan to start your business or invest in Iskandar Malaysia, IRDA will be the one-stop centre between you and the governmental authorities and can help you make the best of your investments by applying for the incentives available, whichever relevant to your industry.
Some of the incentives specific to developments taking place in Iskandar Malaysia include Flagship Incentives Iskandar Malaysia (FIM) and Iskandar Malaysia Incentive and Support Package (ISP) – both targeted at service-sector activities, which have been designed to boost investments in realizing Iskandar Malaysia’s economic growth targets.
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