Kuala lumpur: Khazanah Nasional Bhd has invested over RM6 billion in the development of Medini Iskandar and Desaru Coast in Johor to date, according to the Ministry of Finance (MoF).

According to BERNAMA News Agency, the MoF stated in a written reply at the Dewan Rakyat that the investment aims to attract more investments and create job opportunities for Malaysians, particularly in the property development, housing, education, and tourism sectors in these two areas. The initiative is part of the government’s mandate to develop Iskandar Malaysia as a special economic corridor, with efforts extended to Desaru Coast to align with broader development goals in Johor.

The MoF emphasized that the development of Medini Iskandar and Desaru Coast requires a long maturity period of 30 to 40 years, along with catalytic investments for optimal development. Medini Iskandar is categorized as Zone B in the Johor-Singapore Special Economic Zone (JS-SEZ), while Desaru Coast is part of Zone G. The ministry highlighted ongoing efforts to ensure these destinations contribute to Malaysia’s economic growth and strengthen its position as an investment destination.

In a separate discussion, the MoF revealed that the total dividend from Petroliam Nasional Bhd (Petronas) for 2026 is projected to decrease to RM20 billion, down from an estimated RM32 billion in 2025. Petroleum-related revenue for 2026 is projected at RM43 billion, reflecting a 24 percent decrease from the estimated RM56.6 billion in 2025. The government remains focused on reducing dependence on petroleum-related revenue due to global crude oil price volatility. It plans to continue optimizing expenditure, ensuring revenue sustainability, and implementing a comprehensive economic plan to drive the country’s economic growth.