Catalytic developer of Iskandar Malaysia, Iskandar Investment Bhd, expects to tender out RM2 billion worth of projects in the next 12 months, president and chief executive officer Arlida Ariff said today.

The tenders comprise RM1 billion worth of infrastructure projects under the Ninth Malaysia Plan and another RM1 billion worth of other infrastructure and construction projects, she said.

"These infrastructure and construction projects will likely take six to 24 months to be completed," she told a media briefing on the sidelines of the Ninth Forbes Global CEO Conference.

This will involve infrastructure in Medini and EduCity as well as residential units for students in Newcastle University Medicine Malaysia.

Iskandar Investment currently owns two per cent of the whole Iskandar region which encompasses 2,200 square kilometres of land.

Besides developing catalytic projects for the region, Iskandar Investment is also an investment holding company which works closely with the Iskandar Regional Development Authority (IRDA) to drive investment into the region.

Since its inception on Nov 2006, the Iskandar region had attracted US$13 billion worth of foreign direct investments, said Arlida.

On LegoLand Malaysia, the company expects to generate RM1 billion worth of spillover projects involving two hotels, one shopping mall and one office building.

This mixed development will be built on 18 hectares of land surrounding LegoLand Malaysia.

"We are talking to potential partners and hope to announce three more partners by end of this year," she said.

LegoLand Malaysia, the first LegoLand theme park in Asia, to be built on 22 hectares, is expected to be completed by April 2012.

- Bernama