Johor to get Japanese investment worth RM500mil this year

BATU PAHAT: Johor will receive new investment inflow worth RM500mil from a Japanese multinational company that is interested to undertake operations based in Tanjung Langsat.

Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin said the company was interested to operate at the industrial area which focused on petrochemical and oleochemical-related activities.

Towards that end, Mohamed Khaled himself will go to the ‘Land of the Rising Sun’ in two weeks’ time to meet the said investor.

“We receive investors from various countries and what is important is that the investment would give value add to Malaysia and contribute to the economic growth of Johor and the nation,” he said to reporters after launching the Burger King restaurant in Batu Pahat.

To continue attracting foreign investment into the country, Mohamed Khaled said a conducive environment must be created, including suitable housing and educational facilities.

“We cannot deny that Johor Baru is well-positioned and strategically located. Because of these factors, it becomes the choice among the towns under consideration for relocation, what more in terms of business operation costs compared with Singapore and other places, we are still cheap,” he said.

Mohamed Khaled said at the moment, Johor has an excellent ecosystem to attract foreign and domestic investments.

He is confident the momentum can be maintained and will continue to draw new investments this year even though faced with global economic challenges. - Bernama