Will Malaysian Iskandar development region be new jobs hotspot?

A group of Middle Eastern investors is expected to team up with South Johor Investment Corp (SJIC) to build high-end properties in an economic zone in the southern Malaysian state of Johor. If the investment is secured it will mean that a broad range of multi- skilled construction professionals will be required to get projects of the ground.SJIC is a government-controlled agency set up to develop the Iskandar Development Region. Unidentified sources say the Middle Eastern investors and SJIC will jointly develop a city in the region, which borders Singapore.Mudabala Group of Abu Dhabi and the Abu Dhabi Investment Authority are said to be among the investors, according to one newspaper. The initial investment in the development is expected to be more than three billion ringgit (US$86bn), it said.The government intention is to attract more than 100 billion US dollars in investment in the IDR over 20 years.