Khazanah Nasional has invested over RM6 billion to develop Medini Iskandar and Desaru Coast, creating jobs and attracting investments.
KUALA LUMPUR: Khazanah Nasional Bhd has invested more than RM6 billion in developing Medini Iskandar and Desaru Coast in Johor to date.
The Ministry of Finance stated this investment aims to attract more investments and create job opportunities for Malaysians.
These opportunities are particularly in property development, housing, education, and tourism sectors in both areas.
Khazanah’s investment follows the government’s mandate to develop Iskandar Malaysia as a special economic corridor.
ALSO READ: Anwar defends Khazanah’s RM600 million Carcosa restoration investment
This development effort has been extended to Desaru Coast as part of broader development initiatives in Johor.
Developing areas like Medini Iskandar and Desaru Coast typically requires a long maturity period of 30 to 40 years.
Catalytic investments are also essential for these areas to develop optimally.
Medini Iskandar is categorised as Zone B in the Johor-Singapore Special Economic Zone.
ALSO READ: Khazanah pledges RM1.05bil investment support for Budget 2026
Desaru Coast is part of Zone G within the same special economic zone.
The Ministry of Finance emphasised that efforts will be strengthened to ensure both destinations contribute to national economic growth.
These initiatives will also strengthen Malaysia’s position as a preferred investment destination.
In a separate reply, the ministry projected Petronas’ total dividend for 2026 will decrease to RM20 billion.
This compares to an estimated RM32 billion dividend from Petronas in 2025.
Petroleum-related revenue for 2026 is projected at RM43 billion, a 24% decrease from the estimated RM56.6 billion in 2025.
The government remains committed to reducing dependence on petroleum-related revenue.
This commitment addresses the risk exposure from global crude oil price volatility.
From a fiscal management perspective, the federal government will focus on expenditure optimisation measures.
It will also ensure revenue sustainability and strengthen implementation of a comprehensive economic plan.
These measures aim to drive the country’s economic growth amid challenges. – Bernama
