ASEAN Location
Forest City is located in the heart of ASEAN, which now has a total economy of US$2.5 trillion, the seventh largest in the world, and a growing population of over 600 million people, 60% of whom are under the age of 35. The total population of the ASEAN region has surpassed that of the European Union and North America and has a young and growing workforce second only to that of China and India. The growing middle class in ASEAN offers huge potential for consumer growth, with spending power expected to increase from US$1.5 trillion in 2015 to US$2 trillion in 2020. The growing population and consumer demand will fuel significant infrastructure demand and create new markets and opportunities for businesses.
Location of Iskandar District
Located in the southernmost part of Malaysia, next to Singapore, the Iskandar Special Economic Zone (ISEZ) is a major economic development project announced by the Malaysian government in 2006, and is the size of three Singapore’s. With its rich natural resources and highly favourable investment policies, the development of the ISEZ has reached out to the entire ASEAN market. With a total investment of RM383 billion (approximately US$100 billion) from the Singapore and Malaysian governments since its inception, Iskandar has become a new focus for international investment and the fastest growing economic corridor in Malaysia.
Malaysia and Iskandar
Malaysia’s fast-growing Iskandar Special Economic Zone (ISEZ) in Johor has become a new focus for international capital investment in recent years Now in its 10th year of development since its inception in 2006, the Iskandar Special Economic Zone has become the fastest growing economic corridor in Malaysia and Johor has been identified as a fast-growing city in Malaysia’s 11th Five-Year Plan (2016-2020).
Singapore and Iskandar
With little land available for development in Singapore and in the midst of economic integration, the Singapore Economic Development Board (SEDB) is encouraging Singaporean multinational companies to consider Iskandar Malaysia as an economic expansion site to complement their expansion.
Strategic location next to Singapore
Located at the Johor Strait between Singapore and Malaysia, it is only about 2 km away from the Singapore direct line and only about 10 minute’s drive to the second border crossing. The project’s own highway bridge has been opened to connect to the PTP highway for quick access to the second Singapore-Malaysia border crossing.
FAQ
The Iskandar Special Economic Zone (ISEZ) is located in the southernmost.
The Iskandar Special Economic Zone (ISEZ) has received a total investment of RM383 billion (approximately US$100 billion) from the Singapore and Malaysian governments since its inception.
Forest City is located only about 2 km away from Singapore’s direct line.
