EduCity draws in S$271 million

EduCity draws in S$271 million

NUSAJAYA - The EduCity project in Iskandar Malaysia has attracted some RM700mil (S$271 million) in investments with the setting up of several international universities, says Deputy Prime Minister Tan Sri Muhyiddin Yassin.

Muhyiddin who is also Education Minister, said that 70 per cent of Educity has been developed with three university campuses and two shared facilities.

"Besides EduCity, the Government is also developing Pagoh into a multi-varsity education hub and Bandar Sri Alam in Pasir Gudang as a 'City of Knowledge'," he said at the ground-breaking ceremony of Management Development Institute of Singapore (MDIS) here yesterday.

MDIS, founded in 1956, is Singapore's oldest non-profit professional institute for lifelong learning. It will invest RM300mil for its campus, which is expected to open in 2015.

Muhyididn said EduCity, which covers an area of 121ha, was now drawing the attention of many international investors.

He stressed that the cross-border investments between Malaysia and Singapore were complementing each country's economy and it was not a rivalry.

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