Mickey Mouse will be coming down to Johor Iskander Development project. Information, sources from Khazanah National was reported in the setting up of Disney World here.
Khazanah Nasional said some 2,200 acres of land have been set aside for theme park use. Development at the Johor special economic zone is well on track. It has attracted some 33 billion ringgit (S$14 billion) of investments so far - that's 70% of its target by 2010.
Singapore companies are among the top three investors in Johor. Khazanah said the Jurong Town Investment Corporation is also understood to have invested in UEM Land's Southern Industrial and Logistics Centre.
The companies involved in the development of Iskandar Malaysia have also set up a liaison office at UOB Plaza in Singapore. It will be manned by five people to manage marketing activities as well as conduct surveys on Singaporeans' interests.
Some 1.3 million ringgit (S$556,900) was spent to promote the Iskandar development at the Cityscape Asia exhibition. The exhibits are expected to make its way to Dubai at the end of the year.
Another development by Malaysia's Landmarks is hoping to set up Indonesia's first legalized casino on Bintan Island — details of which were revealed by chief operating officer Lim Boon Soon in a Bloomberg report yesterday. The US$3.1-billion ($4.2-billion) resort aims to compete with the one at Marina Bay, Singapore.
Before Singapore's first Integrated Resort (IR) at Marina Bay and Universal Studios at Resorts World at Sentosa are due to open, this competition by Malysia are already brewing and will be interesting to watch, Malaysia Boleh.
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