Iskandar Investment Berhad ('' Malay'': Syarikat Permodalan Iskandar), or IIB, is a corporate entity providing investment capital to the development corridor of

Iskandar Malaysia Iskandar Malaysia, formerly known as Iskandar Development Region (IDR; ms, Wilayah Pembangunan Iskandar) and South Johor Economic Region (SJER), is the main southern development corridor in Johor, Malaysia. It was established on 8 November 20 ...

, in South Johor at the tip of the Malay Peninsula. It was formed on 2 November 2006 as South Johor Investment Corporation Berhad. IIB focuses on Iskandar Puteri (previously known as Nusajaya) or Flagship Zone B. A Heads of Agreement was signed to form a new company to drive the development of catalyst projects (previously referred to as a "super developer"). The Iskandar Investment shareholding structure is as follows: Khazanah Nasional (60%), EPF (20%) and Kumpulan Prasarana Rakyat Johor Berhad (KPRJ) (20%), a company wholly owned by the

Johor Johor (; ), also spelled as Johore, is a state of Malaysia in the south of the Malay Peninsula. Johor has land borders with the Malaysian states of Pahang to the north and Malacca and Negeri Sembilan to the northwest. Johor shares maritime ...

State Government. The definitive agreements were signed on 19 December 2006 and completed in May 2007. IIB was set up with total assets worth approximately RM3.4bn of land and cash on the outset. It was also set up to own a significant land bank in South Johor through various subsidiaries and joint venture companies. Syed Mohamed Syed Ibrahim was appointed as the President and CEO of Iskandar Investment Berhad. IIB was slated to lead the implementation of various strategic and catalyst

initiatives, including implementing of some of the major

Ninth Malaysia Plan The Ninth Malaysian Plan ( ms, Rancangan Malaysia ke-9), abbreviated as '9MP', is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department and the Finance Ministry of Malaysia with approval by the ...

projects within the Iskandar Malaysia development corridor, through various Special Purpose Vehicles and partnerships with the private sector. It does this through investing in selected strategic initiatives in joint ventures or contribution of land either through sale or lease, or through granting of a concession or development rights.

References

Malaysian companies established in 2006 Financial services companies established in 2006 Privately held companies of Malaysia {{Malaysia-company-stub