Iskandar Investment Bhd (IIB), formerly known as South Johor Investment Corporation Bhd, aims to attract S$212 million worth of investments from Singapore into Iskandar Malaysia within three to six  months.

Arlida Ariff, managing director of IIB, revealed that the company was in negotiations with several Singaporean investors involved in property development and related businesses. Iskandar Malaysia, formerly known as Iskandar Development Region, is located in Johor and only a 55 minute drive to Changi International Airport.

According to Arlida, IIB was also in discussions with some developers from the United States, with intentions to set up theme parks in the Iskandar region. She added that the company has plans for a 202.34ha main theme park with two supporting parks measuring between 40.47ha and 80.94ha each.

The three parks, to be developed close to Sungai Melayu near Danga Bay, would feature nature, heritage and local cultures. An announcement on the main theme park would be made within a year, said Arlida.

IIB is a joint venture between Khazanah Nasional Bhd, Konsortium Prasarana Rakyat Johor and the Employees Provident Fund and was set up to drive commercial initiative in Iskandar Malaysia.