Malaysia's largest development unveiled

Dubai: The Iskandar Investment Board (IIB) yesterday launched Malaysia's largest urban development at Cityscape Dubai. Medini Iskandar, a 2,300 acre (920 hectares) international mixed-use urban development project consisting of nine clusters, should bring in about Dh20 billion in the next 15 to 20 years, said Arlida Ariff, managing director of the Malaysian-based Iskandar Investment Board. IIB holds a 30 per cent stake in the Medini development. Incentives It will be located on prime Greenfield land in the heart of Nusajaya which lies between Malay-sia's second crossing to Singapore and the southern Johor state's New Administrative Centre At a press conference unveiling the project, Ariff said the development enjoyed the support of the Malaysian government. "The development has been accepted by the government of Malaysia. It... [read full story]