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Johor's Well-structured Industrial Estates Attracts Huge Investments


Last Update: 08/03/2018





ISKANDAR PUTERI, March 8 (Bernama) -- The well-structured development of its industrial estates is one of the reasons why Johor has been able to attract huge investment for the past five years.

State Tourism, Domestic Trade and Consumerism Committee Chairman Datuk Tee Siew Kiong said this was supported by the leadership of Menteri Besar Datuk Seri Mohamed Khaled Nordin and close cooperation between the state government, including its agencies, and investors.

"Johor has the edge. We have oil and gas, furniture and halal hubs, as well as well-structured industrial estates," he told reporters after the Johor State Assembly sitting in Kota Iskandar here today.

He was commenting on the Malaysian Investment Development Authority's data which showed that Johor received the highest investment of RM21.9 billion last year, followed by Penang (RM10.8 billion), Sarawak (RM10.5 billion), Selangor (RM5.6 billion), and Melaka (RM4.7 billion).

Tee said the state's highest investment came from the manufacturing sector for the fifth consecutive year since 2013, with an accumulated investment of RM115 bilion.

Johor's investment inflows from domestic and foreign investors in the manufacturing sector rose from RM14.4 billion in 2013 to RM21.1 billion (2014), RM31.1 billion (2015) and RM26.4 billion (2016), Tee said.

He said International Trade and Industry Minister Datuk Seri Mustapa Mohamed recently commended Johor for its achievement in garnering RM21.9 billion in investment last year.

Of the amount, Tee said RM16.8 billion derived from domestic investment, while the remaining RM5.1 billion from foreign investment, including from Australian, Chinese and American investors.

-- BERNAMA

 
 
 
 
 
 
 
 
 
     
   
 
 
     
 

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