An Introduction
The expension of Iskandar Waterfront Development (IWD) is within Iskandar Malaysia (IM), a national project
driven by the Federal Government and the Government of the State of
Johor.
IWD is a Government-linked company (GLC) through the shareholding of
Iskandar Investment Berhad (IIB) at 51.2% and Kumpulan Prasarana Rakyat
Johor (KPRJ- an investment arm of the State Government) at 12.3%. The
balance of 36.5% is held by Danga Bay Sdn. Bhd., a private enterprise.
At the same time, Khazanah Nasional, the investment arm of the Federal
Government, holds 60% of the shares in IIB. The Employees’ Provident Fund
(EPF) and KPRJ hold 20% each. Incorporated on 10 October 2006, IWD has a
land bank of 3,028 acres of prime waterfront land. |
