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 and South Johor Economic Region), is the main southern development corridor in Johor, Malaysia. It was established on 8 November 2006. Iskandar Malaysia is currently the largest ...

, in South Johor at the tip of the

Malay Peninsula The Malay Peninsula is located in Mainland Southeast Asia. The landmass runs approximately north–south, and at its terminus, it is the southernmost point of the Asian continental mainland. The area contains Peninsular Malaysia, Southern Tha ...

. 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 Khazanah Nasional Berhad (; Trade name, traded as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia. One of the largest sovereign wealth funds in the world, it was established to invest surplus ...

(60%), EPF (20%) and Kumpulan Prasarana Rakyat Johor Berhad (KPRJ) (20%), a company wholly owned by the

Johor Johor, also spelled Johore,'' is a States and federal territories of Malaysia, state of Malaysia in the south of the Malay Peninsula. It borders with Pahang, Malacca and Negeri Sembilan to the north. Johor has maritime borders with Singapore ...

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 (), 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 Cabinet of Malaysia. The pla ...

projects within the Iskandar Malaysia development corridor, through various

Special Purpose Vehicles A special-purpose entity (SPE), also called a special-purpose vehicle (SPV) or a financial vehicle corporation (FVC), is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, speci ...

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