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Iskandar Malaysia in Johor, the first and possibly the most ambitious
of the country's five economic corridors, has attracted some RM9
billion of new investments so far this year, exceeding its full-year
target of RM3 billion, an official said.
"We were able to do this despite the global economic crisis as we had
targeted long-term investors," said Harun Johari, the outgoing chief
executive officer of the Iskandar Regional Development Authority (IRDA).
IRDA is the body responsible for the direction, policies and strategies of Iskandar.
The bulk of the RM9 billion came from local investors and was invested in property, Harun said.
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