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The special economic zone of Iskandar Malaysia grew out of a 2005 government requested feasibility study by the Khazanah Nasional which found that the development of such a zone would be economically, socially and developmentally beneficial.[17] The National SJER Planning Committee (NSPC), hearing Khazanah's findings, put it in charge of developing a sustainable, holistic approach to development in the region.[17] Iskandar Malaysia was singled out as among the high-impact developments of the Ninth Malaysia Plan, put into action by the then Prime Minister of Malaysia (Abdullah Badawi) in March 2006 to cover the period of 2006 to 2010.[18] In November 2006, the Prime Minister, Chief Minister of Johor, Abdul Ghani Othman and Khazanah revealed the Comprehensive Development Plan (CDP).

Iskandar Malaysia is modelled after the Pearl River Delta Economic Zone. It is envisaged to capitalise on its current synergies with Singapore as it aims to complement each other as an economic hub, similar to the relationship between Shenzhen and Hong Kong In 2014, Malaysian Prime Minister Najib Razak announced that “In committed investments alone, the economic zone in Johor has secured RM156.51 billion (US$47 billion) since 2006, of which 51 per cent or RM79.17 billion (US$23.8 billion) has been realised to date.” The amount is around 41% of the target amount, which Iskandar Malaysia seeks to achieve by 2025

ISKANDAR MALAYSIA

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