Consolidating resort group
Building on these competitive advantages, IM officials are planning coordinated growth with Singapore by building a large new Customs, immigration and quarantine (CIQ) complex and mass transit rail links with the city-state.
It is anticipated that the plan to merge their CIQ complexes will significantly reduce the time it takes to clear immigration between the two territories.
The IRDA is targeting total cumulative investments of RM100bn (.3bn) by the end of 2012, CEO Ismail Ibrahim told reporters in August that year.
The cooperation on CIQ is also a symbolic gesture, showing the positive diplomatic relationship between Malaysia and Singapore.
In 2011 the two governments resolved a dispute over the ownership of railway land in the latter.
The resolution has opened avenues for more cooperation between Singapore and IM, such as recently announced plans by Singapore’s government to invest in a joint venture wellness centre at Gleneagles Hospital in Nusajaya.
Another development in Johor Bahru City that is catching the eyes of Singaporeans and Malaysians alike is the Danga Bay waterfront project.
More than 30% of all investment projects under the Economic Transformation Programme (ETP) are located in this state, as it seeks to build itself into a competitor to neighbouring Singapore.