EU is contemplating investment in education and tourism in Iskandar, Malaysia

Published on : Friday, May 19, 2017

EU is contemplating investmentThe European Union (EU) is thinking of venturing in the education and tourism sectors of Iskandar Malaysia, as said by the Ambassador and Head of the EU Delegation to Malaysia Maria Castillo Fernandez.

The EU viewed Johor as a very important place to set up base not only to capture the Malaysian market but the ASEAN as a whole.

To quote Maria, “Iskandar Malaysia has very ambitious plans especially to develop the region. Johor can be a very good test case. We see Johor as a very important place. The reason why European companies are attracted to Johor is because of the good infrastructure particularly in the Iskandar Region.”

Maria added there were many issues that the EU was interested in and the idea is to build a more lasting and stronger relation between Europe and Johor.

Maria said,”Spain, Germany, the Netherlands and France are already key investors in Johor and we are now bringing in Denmark and some Irish companies. So there is certainly an enormous plan to get to know what this place has to offer and the possibilities for investment. There are many issues that we are interested in because this is about working in a firm, transparent and good governance, putting environment and sustainability in our projects together as partners, increasing people-to-people exchanges including academic exchanges involving students.”

To quote IRDA Chief Executive Officer Datuk Ismail Ibrahim,”There is definitely a huge potential for nations from Europe to come in through their multinational companies. What we have presented today is not the end of things that we can offer; there are a lot of sectors that can grow further such as tourism. What is more important is that Iskandar Malaysia can serve as a platform for European companies to reach out to ASEAN’s population of 650 million. I think that is the bigger picture that we want to see and Iskandar Malaysia can provide that platform.”

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