Flagship B: Nusajaya
|Medini Iskandar Malaysia |
Medini Iskandar Malaysia is a 2,230-acre international mixed-used development, encompassing of FOUR development components:
IIB is in a strategic partnership with their middle-eastern counterparts Global Capital and Development Sdn Bhd and Medini Central Sdn Bhd to jointly develop Medini Iskandar Malaysia, with an initial investment commitment of US$1.2 billion (RM4.1 billion). The development has expected Gross Development Value (GDV) of US$20 billion over 15 – 20 years. The development plan will be 20% completed by 2014, during which a targeted population of 50,000 will also be expected.1) Mubadala Consortium
This consortium will act as the master concessionaire and land developer (MCLD) investing about US$520 million (or RM1.8 billion) for the lifestyle and leisure cluster - comprising a city centre, golf village, amusement bay, residential district, and a medical and wellness village - in an area of about 1,240 acres.
2) Kuwait Finance House Consortium
This consortium will act as MCLD investing about US$330 million (or RM1.2 billion) for the cultural cluster - comprising the logistics village, creative park and heritage district - in an area of over 620 acres.