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.