Growth Area
The SIJORI Growth Triangle of Singapore, Johore and Riau is witnessing unprecedented growth, with the initiation of:

1. Singapore's 2 Integrated Resorts and Marina Bay Financial Centre
2. Johore's Iskandar Development Region (IDR)
3. Riau's Special Economic Zones (SEZ)

Sands IR Marina Bay News
Government Awards Integrated Resort at Marina Bay Project to Las Vegas Sands Corporation
Straits Times, Singapore, 26 May 2006

Singapore, 26 May 2006 - The Singapore Government announced today that it will award the project to develop the Intergrated Resort (IR) at Marina Bay to Las Vegas Sands Corporation ("Sands").

The Ministerial Committee (Tender Approving Authoruity or TAA) evaluating the four proposals, chaired by Deputy Prime Minister Professor S Jayakumar, announced their decision at a press conference this evening. Prof Jayakumar said, "All four proposers submitted very strong proposals which reflected their commitment todeveloping to truly outstanding integrated resort in Singapore". He added that "Sands had submitted the best overall proposal that meets our economic and tourism objectives."

Sands committed to the highest development investment of $3.85 billion. Together with the land price and other associated capital costs, the total investment by Sands would exceed $5 billion. This is one of the largest investments in the worls for a single IR. The Marina Bay Sands is expected to stimulate an additional $2.7 billion (or approximately 0.8%) to Singapore's annual Gross Domestic Product and generate 30,000 jobs throughout the economy by 2015.

Resort World Sentosa News
Genting-Star Cruises consortium wins Sentosa integrated resort project
Straits Times, Singapore, 8 Dec 2006

SINGAPORE: The Genting International-Star Cruises consortium has aced the Sentosa integrated resort project.

The result, just announced by Deputy Prime Minister Professor S Jayakumar at a news conference, came as no surprise as analysts had picked Genting as a frontrunner right from the start.

Its $5.2 billion Resorts World at Sentosa will leverage on international brand names like Universal Studios, which will design 16 news rides specially for the resort.

Besides the Universal Studios theme park, there will also be 3 other water-themed attractions, including a surf pool.

Genting's proposal also includes six hotels with over 1,800 rooms for both leisure and business travellers.

Earlier, market watchers had picked Genting as a favourite to win due to its Asian experience.

The resort is expected to attract 10 million visitors and generate $15 billion in tourism receipts by 2015.

The Sentosa integrated resort is expected to be ready in 2010.

The judging panel, made up of seven ministers, explained their decision.

"Genting submitted the most compelling proposal overall that best meets our economic and tourism objectives. In particular, the proposal reflects our vision for the Sentosa IR as a large-scale, family resorts with its host of world-class family leisure attractions and other strong offerings. the attractions will position Sentosa and draw a significant number of new and repeat visitors," said Prof Jayakumar.

IDR News
PM: IDR must be competitive to draw investors
The STAR, February 24, 2007

JOHOR BARU: The Iskandar Development Region (IDR), which is set to become a new global growth centre, must be prepared to be globally competitive to draw investors and businessmen.

Prime Minister Datuk Seri Abdullah Ahmad Badawi said the IDR has to survive on its own ability and high standards of performance based on efficiency, integrity and good governance.

"We must take advantage of our low cost and the ample space that we have," he told reporters after the launch of the inaugural Iskandar Regional Development Authority (IRDA) meeting at the Pulai Springs Resort here yesterday.

"We must attract investment from everywhere including the United States, Europe and the Middle East," he said, adding that the country was also prepared to employ international professionals with the necessary skills.

The Prime Minister also witnessed the MoU signing ceremony for the building of a hotel and a resort in the development region. Initial projections showed that IDR is expected to attract a total of US$105bil (RM370bil) in 20 years. In the short term, it is supposed to attract some RM50bil in investments within five years.

It will also have council of five eminent persons to advice it on various matters regarding future development.

The advisory council will include five of the state's most prominent figures -
Tan Sri Robert Kuok Hock Nien,
Datuk Seri Andrew Sheng,
Tun Musa Hitam,
Tan Sri Samsudin Osman and Tan Sri Kishu Tirathrai.

IDR Plan A 2,200 square km master development in South Johor. Massive investment over 20 years. To rival Hong Kong, Shenzhen and Singapore. Impact Economic boom for the region of Johor, Singapore and Riau Islands. Land value appreciation. Tremendous spill-over effect from boom in economic activities as investments are expected to increase.