ISKANDAR - 5 Flag ship Zones
Zone A: Johor Bahru City- Johor Bahru is the Central Business District and the State Capital of Johor. It is also the main gateway into and out of Singapore (via the Causeway).The current key economic activities in Flagship A are financial services, commerce and retail, arts and culture, hospitality, urban tourism, plastic manufacturing, electrical and electronics (E&E) and food processing.
Key players in Flagship A
Financial institutions - Citigroup, HSBC and Kuwait Finance House,
Major manufacturers - YKK, Celestica, Lion Group, Sumitomo and Kerry’s Ingredients
Local developers - Danga Bay Holdings, Pelangi, Mah Sing and Crescendo
Zone B: Nusajaya- Focused on mixed property development, state & federal administration and logistics. Flagship B will be a major new growth centre of Iskandar Malaysia where most of the catalyst projects will be developed within the area such as creative arts and entertainment, medical facilities, educational institutions, tourism, biotechnology and hi-tech manufacturing. The projected population size for this area by 2025 is 500,000.
Key players in Flagship B
Are property developers including UEM Land, Iskandar Investment Berhad and Mulpha International Bhd, SP Setia, to name a few.
In August 2007, the Middle Eastern Consortium (Mubadala, Kuwait Finance House and Millennium Development) and Iskandar Investment Berhad had signed a MOU to develop a RM4.2 billion (US$1.2 billion) integrated international city development, referred to as Medini (formerly known as Node 1).
Zone C: Western Gate Development- Key economic activities in Flagship C are port and marine services, warehousing, logistics, engineering, hi-tech manufacturing, food production, petrochemical industry, entry port trade. Flagship C boasts a logistic centre, regional distribution centres, regional procurement centres and utilities (power).
Key players in Flagship C
MMC Corp Bhd, a public-listed company in Bursa Malaysia, is the main player in Flagship C via its shareholdings in the Port of Tanjung Pelepas (PTP) and the Tanjung Bin Power Plant.
Zone D: Eastern Gate Development- Flagship D are focused on heavy industries and logistics, including electrical and electronics (E&E), chemical, oleochemical, food and engineering-based industries as well as ports and logistics and warehousing. Flagship D has the largest concentration of palm oil refining industries and downstream activities in the world.
Key players in Flagship D
Pasir Gudang include both local and international companies such as Bahru Steel, Panasonic, Titan, Kiswire, Western Digital and IOI Loders.
Zone E: Senai/Skudai- Key economic activities in Flagship E are airport services, engineering, electrical and electronics (E&E) and education. Going forward, Flagship E would also be the hub for agro and food processing, ICT and retail tourism. Flagship E is synonymous with Senai International Airport and Universiti Teknologi Malaysia (UTM).
Other key players in Flagship D
include Lee Rubber, Boustead, Genting Property, IOI Properties and Johor Corporation.
“UEM Land is still “the” Iskandar proxy. In our opinion, UEM Land’s landbanks are mainly concentrated in Nusajaya (still relatively strategic given the close proximity to Singapore via the Second Link) and the collaboration is in the form of G2G, namely between Khazanah and Temasek. In Tebrau Teguh’s case, it is a partnership between Johor State and private developer, with iconic waterfront developments focused in Danga Bay and along the Tebrau Coast. We believe UEM Land is still the key proxy to the Iskandar theme for its size, trading liquidity, ownership and development abilities.” - UOB Kay Hian
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