Iskandar Investment Berhad, TM-Nxera partner to drive digital transformation in Iskandar Puteri

  • Collaboration supports M’sia’s goal of attracting US$14.8 billion in investments by 2025
  • Project involves a US$212 mil investment to develop Iskandar Puteri’s digital infrastructure

Iskandar Investment Berhad, TM-Nxera partner to drive digital transformation in Iskandar Puteri

Iskandar Investment Berhad (IIB), the master developer of Iskandar Puteri, through River Retreat Sdn Bhd, has entered into a strategic partnership with TM-Nxera, a joint venture of TM and Singtel, to empower the digital economy and build a sustainable future for the region.

In a statement, the firm said that the strategic partnership with TM-Nxera to establish state-of-the-art sustainable, hyper-connected, and AI-ready digital infrastructure in Iskandar Puteri marks a significant milestone in its journey toward becoming the Digital and Innovation Hub for Johor.

It said the proposed project will entail an approximate US$212 million (RM9 billion) investment by the parties to develop the digital infrastructure for Iskandar Puteri.

Idzham Mohd Hashim, President/CEO of IIB, said, “The decision by TM-Nxera to establish their state-of-the-art sustainable and AI-ready digital infrastructure in Iskandar Puteri is a major achievement for our community. It goes beyond mere infrastructure development; it’s about nurturing innovation and fostering growth within our region.”

Meanwhile, Bill Chang, CEO of Nxera and Singtel’s Digital InfraCo unit, stated, “This initiative aligns perfectly with our vision to empower digital economies and communities across the region, and we are confident that it will unlock immense potential for businesses in Johor and Singapore.”

Amar Huzaimi Md Deris, group CEO,  TM said: “This strategic move underscores our commitment to advancing technology and fostering innovation in Malaysia. Johor is a key destination for TM’s digital infrastructure expansion supported by our robust domestic and international connectivity. The partnership is a pivotal step in our mission to position Malaysia as a regional digital hub and towards our vision of becoming a Digital Powerhouse by 2030.”

The collaboration aligns with Malaysia’s national agendas, including the MyDigital Blueprint, which emphasizes the importance of digital infrastructure in driving a digitally enabled government and economy. It also supports the nation’s goal of attracting US$14.8 billion (RM70 billion) in investments by 2025, as outlined in the MyDigital Blueprint and National Industrial Master Plan 2030.

The new digital infrastructure will create numerous benefits for Iskandar Puteri, unlocking opportunities and creating value in several ways. It will increase investment opportunities by attracting new technology companies and stimulating tech-based investments. Additionally, it will upskill the workforce by providing opportunities for local talent to develop digital skills.

The infrastructure will be built with a focus on sustainability, aligning with IIB’s vision for a net-zero-carbon CBD in Medini. This development will enhance the business ecosystem by facilitating the growth of various technology-driven industries within Iskandar Puteri. Furthermore, it will increase subsea connectivity between Johor and Singapore, supporting the development of the digital economies in both regions.

With a shared commitment to progress and prosperity in the region, the strategic partnership strengthens the dynamic relationship between Johor and Singapore, underscoring initiatives that pave the way for a brighter future driven by innovation and economic growth.

Both parties are confident in the partnership’s ability to not only bolster Iskandar Puteri’s digital infrastructure but also unlock exciting potential for innovations and opportunities. Together, they aim to transform Iskandar Puteri into the preferred gateway to Southeast Asia and a beacon of innovation, sustainability, and economic prosperity.