Iskandar Waterfront Development Sdn Bhd

Corporate Profile IWD’s development is within Iskandar Malaysia (IM), a national project driven by the Federal Government and the Government of the State of Johor. IWD is a Government-linked company (GLC) through the shareholding of Iskandar Investment Berhad (IIB) at 51.2% and Kumpulan Prasarana Rakyat Johor (KPRJ- an investment arm of the State Government) at 12.3%. The balance of 36.5% is held by Danga Bay Sdn. Bhd, a private property development company. At the same time, Khazanah Nasional, the investment arm of the Federal Government, holds 60% of the shares in IIB. The Employees’ Provident Fund (EPF) and KPRJ hold 20% each. Incorporated on 10 October 2006, IWD has a land bank of 3,028 acres of prime waterfront land.