Forest City, Johor
Private town in Malaysia
Forest City, Johor
Forest City is an integrated property development and special financial zone (SFZ) in Iskandar Puteri, Johor, Malaysia. It is located on reclaimed land in the southwestern part of Johor Bahru District, the second largest district in Malaysia by population. It was first announced in 2006 as a twenty-year investment project mostly financed by Chinese developer Country Garden, pitched under the Belt and Road Initiative. It was officiated by then Prime Minister of Malaysia Najib Razak in 2016, with the approval of the Sultan of Johor, Sultan Ibrahim Ismail. Forest City is a joint venture between Esplanade Danga 88, an affiliate of state government subsidiary Kumpulan Prasarana Rakyat Johor (KPRJ), and Country Garden Holding Ltd (CGPV), with CGPV holding 60 percent of shares, while KPRJ holds the other 40 percent. Forest City is under the management of the Iskandar Puteri City Council and the Iskandar Regional Development Authority. The development of Forest City is contentious. The project...
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