The development of Medini is undertaken in partnership between the public and private sectors. It is the culmination of a shared vision - the vision of the Malaysian Federal Government, the Johor State Government and their strategic partners. Incorporated on 2 November 2006, Iskandar Investment Berhad comprises stakeholders from both federal and state levels.

IIB has been forging ventures with 'best in class' partners who share its vision of creating an iconic hub in Asia. IIB is empowered to promote, coordinate and invest in these strategic and catalytic initiatives through joint ventures or contribution of land.