JOHOR BAHRU, Oct 26- The Johor - Singapore Special Economic Zone (JS-SEZ) agreement that will be finalized next December as well as the implementation of the Special Financial Zone (SFZ) is expected to be able to catalyze the development of Iskandar Malaysia.

It strives to make the area a dynamic investment destination because for the nine months of this year, says Menteri Besar Johor, Datuk Onn Hafiz Ghazi, by recording an investment of RM40.3 billion and RM22.5 billion of that amount has been realized.

"The increase in the number of investments proves that foreign investors are increasingly confident to invest in Johor and in the country as a whole," says Menteri Besar Johor, Datuk Onn Hafiz Ghazi .

Through the 33rd Iskandar Malaysia Regional Authority (IRDA) Members Meeting in Putrajaya, on Friday (Oct 25), various long-term plans were also discussed with the Prime Minister, Datuk Seri Anwar Ibrahim.

The meeting was aimed at drafting and investment direction of the Iskandar Malaysia Comprehensive Development Plan, in parallel with the existence of the Johor Malaysian Investment Facilitation Center (IMFC - J) which is expected to be completed next January and managed by IRDA, Malaysian Investment Development Authority (MIDA) and Invest Johor.