Najib seconded it

IDR Adopts New Approach To Attract Foreign Investors
PUTRAJAYA, March 23 (Bernama) -- The Iskandar Development Region (IDR) in Johor needs a new approach to attract foreign investors, Datuk Seri Najib Tun Razak said Friday.
"This area needs an approach that can draw foreign investors because our intention is to develop the area on a large scale...this cannot be achieved if we don't adopt a new policy and approach to open the area and give as much flexibility as possible to foreign investors," the deputy prime minister said.
He was speaking to reporters after chairing a meeting of the National Council on Local Governments here.
He was asked to comment on the government's decision to exempt the Iskandar Development Region from policies that favour the bumiputeras in a bid to attract investors.
The government's move was announced by Prime Minister Datuk Seri Abdullah Ahmad Badawi in his keynote address at the Invest Malaysia Conference yesterday.
Najib said the capability of the bumiputera community in trade and industry had improved and so too had their participation through the government linked companies.
"If there are certain opportunities available in this area, the bumiputera interest to participate will be given consideration.
"For example, if there are six five-star hotels to be built, surely there are bumiputera interests that are capable of participating but at the same time, there are also foreign investors interested in investing there, so they will get more opportunities to invest," he said.
He said the federal government would explain the new strategy to the leaders from Johor soon.

tunku : foreigners first, bumis given consideration only