More Singapore investments coming here, says Najib

JOHOR BARU (Feb 20, 2013): Malaysia will see more investments coming from Singapore following the unveiling of two wellness projects in Medini, Iskandar Malaysia here yesterday, said Prime Minister Datuk Seri Najib Abdul Razak.

"This is just the beginning of ties between the (two) countries. I see significant investments coming from Singapore into Malaysia," he told reporters at the unveiling of Afiniti Medini, an urban wellness centre, and Avira -- a resort wellness centre.

The premier also stressed the importance of Singapore companies relocating to Iskandar Malaysia as well as setting up of new companies and creation of new investments.

His Singapore counterpart Lee Hsien Loong said Malaysia has shown a lot of commitment in Iskandar Malaysia in terms of investment.

"A lot more investments are coming in from Singapore and the region. There are investments coming into Singapore but cannot quite fit into Singapore so they go to Iskandar Malaysia instead.

"There is a spillover effect from Singapore to Iskandar Malaysia," he added.

Earlier in Singapore, Najib and Lee unveiled the design of Marina One -- an integrated development in Marina Bay, Singapore, which is being undertaken by M+S Pte Ltd, a company owned 60:40 by Khazanah Holdings Bhd and Temasek Holdings Pte Ltd.