07 Feb '13, 7am

Singapore's investments in Iskandar set to rise

Singapore's investments in Iskandar set to rise

SINGAPORE: Singapore's investment in Iskandar Malaysia is set to soar with Global Capital & Development's (GCD) deal worth S$1 billion in gross development value with Link (THM) Holdings Pte. Ltd. to develop the Media Village @ Medini Iskandar. In a statement Thursday, GCD, the concession holder of Medini, said Singapore, the largest single foreign investor in Iskandar Malaysia, had invested over S$2 billion since 2006. GCD chief executive officer Keith Martin said Link (THM)'s development of Media Village @Medini Iskandar would provide a catalyst for further business activity in Medini and complemented the Pinewood Iskandar Malaysia Studios project. "Together with Singapore's Mediapolis, we see a blended solution where the full value chain of media services from script to final production is offered all within an hour's drive of each other. "GCD looks forward to fruition ...

Full article: http://www.mole.my/content/singapores-investments-iskanda...

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