Located between the two international financial hubs of Kuala Lumpur and Singapore, Iskandar Malaysia is strategically positioned to be a FIREB hub for the region
At present, the industry is focused on retail banking and foreign exchange activity, mainly due to its status as a border region. However, Johor aspires to become the regional hub in the financial and business services sector, capitalising on Malaysia’s reputation as a global leader in Islamic finance. The influx of financial institutions and expansion of financial and business related services also made Iskandar Malaysia an attractive destination for financial and business shared services operations.
The real estate industry is another key segment that contributed to the rapid growth of Iskandar Malaysia (about 20% of GDP in Iskandar Malaysia). Such rapid development offered major opportunities for real estate related services to be provided in the region. Meanwhile, the education enclave within Johor includes Iskandar Malaysia’s Educity and Bandar Seri Alam’s City of Knowledge, as well as the Pagoh University City. These developments will house international universities and higher education institutions with curriculum offerings in business and finance. With than in mind, Iskandar Malaysia is envisioned as a southern regional node for FIREB between Singapore and Kuala Lumpur.
FIREB Investment Opportunities in Johor