Incentives, tax breaks sought for Johor’s new business zone 

Johor Corp (JCorp) president and chief executive officer Datuk Kamaruzzaman Abu Kassim said the incentives should be something “special” for IIBD.
“Presently, there are incentives given to investors in Iskandar Malaysia or even those coming into the Multimedia Super Corridor.
“We need something different for IIBD and we will put forward this proposal to the government for consideration, as this will lure people to invest in IIBD,” he said.
He was speaking at the launch of the IIBD brand, which introduced the Spirit of Enterprise brand promise and the 4 HOME lenses – heritage, opportunity, mobility and eco-sustainability.
Asked about the development in IIBD, he said there was interest from at least four investors from China and South Korea to set up a medical hub here.
“Bank Rakyat has also purchased an entire block and this is good for the banking sector,” he said.
Kamaruzzaman said the federal government had also allocated RM116 millions (Bt932 millions) for two infrastructure projects, including a flyover into Coronation Square and a covered pedestrian walkway to the Johor Customs, Immigration and Quarantine complex.
He added that the projects would help disperse and ease traffic congestion in the city.
“The allocation is from the Public Private Partnership Unit,” he said, thanking the federal government for its support for the IIBD. The event was graced and launched by Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar.