NUSAJAYA: Iskandar Malaysia remains on track to attract between RM25bil and RM30 bil investments this year.
This is despite the scrapping of the RM600 million China Mall trade centre project by its main developer UEM Sunrise Bhd.
The main focus over the next few years will be in the creative and logistics sectors, said Iskandar Regional Development Authority CEO Datuk Ismail Ibrahim.
He was speaking at a media briefing "Elevating Cross-border Opportunities in ASEAN and Beyond" by Standard Chartered Bank, here today.
The authorities have however cautioned property developers into the "feasibility of things" by ensuring the supply matches the demand in the long run.
For the first quarter of 2015, the southern growth corridor attracted RM7.89 billion investments.
This brings the total realised investments to RM166 billion since the growth corridor was launched in 2006.