Asean Trade Centre to be opened in Johor Bahru

New university @ academic institution will be soon opened in Iskandar. For details check out the news below which is adopted from the Star:

LANGFANG (China): Singapore-based Raffles Education Corp Ltd (REC), which aims to set up a multi-institutional education campus at Iskandar Malaysia by 2011, hopes to invest about RM200mil in the proposed venture over the next five years as part of its move to fortify its education business in the region.

Chairman and CEO Chew Hua Seng said in order to set up the campus, they needed to get the approval from Higher Education Ministry which would take about six to nine months.

“After that, we need also to register the programmes which will be offered and, in all, the approval for a licence will take a year or so,” he said after a media tour of REC’s campus – Oriental University City (OUC) – here.

“For investment, REC will need to factor the cost of land and buildings, among others, and we estimate the investment in Iskandar will probably be about RM200mil spread over a five-year period. During this period, we hope to enrol about 5,000 students.”

Oriental University City Ltd (which owns OUC) is a wholly owned subsidiary of REC. For the proposed development, REC would be collaborating with Education@Iskandar Sdn Bhd, a wholly owned unit of Iskandar Investment Bhd, which in turn is 60% owned by Khazanah Nasional Bhd.

The development, to be known as Raffles University Iskandar, would include the launch of Raffles University as part of its first phase of development. The university would be developed on a 26-ha site and would offer a range of undergraduate programmes.

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