Text: Lawrence Julius
Johor’s newly created economic region, Iskandar Malaysia is expected to boost not only the economy of the state but also of the country.
(From Center): Dr. Rahah binti Ismail, Director of Valuation and Property Services Department, Johor and Y.A.B. Dato’ Haji Abdul Ghani bin Othman, Menteri Besar Johor
According to the Menteri Besar of Johor, Y.A.B. Dato’ Haji Abdul Ghani bin Othman, Johor is the only state that has two economic zones, the district of Mersing and Iskandar Malaysia. Iskandar Malaysia seeks to become Southern Peninsular Malaysia’s most developed region and attracts more foreign direct investments (FDI) into the country.
During his keynote address at the recent Developing Johor Seminar, Dato’ Haji Abdul Ghani highlighted the significance of the Economic Transformation Programme as well as the Tenth Malaysia Plan to Johor. Among the state’s notable undergoing projects are the Refinery and Petrochemical Integrated Development (RAPID) and the estimated RM60 billion project in Pengerang spearheaded by PETRONAS. Under the ETP, various Entry Point Projects (EPP) will be commencing to bolster the tourism, oil and gas, education and wholesale and retail sectors respectively.
The seminar was organized by Persatuan Penilai Sektor Awam Malaysia (PENILAISAMA) and KESUPEN of Jabatan Penilaian dan Perkhidmatan Harta Johor. It was held on July 14 at the Mutiara Hotel, Johor Bahru. The event is also supported by the Department of Valuation and Property Services, its research arm the National Institute of Valuation (INSPEN) and the National Property Information Centre (NAPIC). The aim of the seminar is to highlight the progress of the Johor property market as well as the state’s development efforts.