Prof Datuk Ismail Ibrahim, Chief Executive of IRDA said the percentage of skilled professionals and workers will increase with more investors from different sectors coming to the economic region.
After the signing of a MoU (Memorandum of Understanding) between Labuan Financial Services Auhority and IRDA, Ismail said to Bernama that at the moment, they are working closely with educational establishments and the Ministry of Education to ensure they will have a continuous in-flow of skilled workers with the pertinent qualifications and they are also looking at people who graduated from vocational schools.
Ismail said the total cumulative investment since the start of IRDA, Malaysia was RM118 billion, 67% of which was from local investors and the remaining from foreign investment. He said that this is a far cry from the early years, when they saw marginally higher investment from FDI (Foreign Direct Investment) compared to local.
Ismail said Iskandar Malaysia was also looking at tourism sectors related to retail and nature, family entertainment, education and health as well apart from other high-income generating sectors.
He said that they are focusing on sectors that are able to attract foreigners to enjoy the standards of service they are offering at highly competitive rates.