Johor attracts RM2bil investments from Japanese firms

Johor Mentri Besar Datuk Mohamed Khaled Nordin said Johor Baru's placement as the third city with the best quality of life in South-East Asia in Mercer's 2017 Quality of Living rankings was a validation of the state government's efforts.

JOHOR BARU: Johor continues to be a major foreign investment destination with four companies from Japan investing close to RM2bil in the Tanjung Langsat Industrial Park, near Pasir Gudang.

Johor Mentri Besar, Datuk Seri Mohamed Khaled Nordin, said the investments would be in plastic engineering, and chemical and polymer-based sectors.

“These investments would provide the spillover economic benefits to the people of Johor especially in creating jobs, as well as related business opportunities.

“The confidence these renowned foreign companies have in continuing to invest in Johor proved their belief in the potential in Johor,” he said in a statement.

Mohamed Khaled, who is also Johor Corp (JCorp) chairman, said as a state government conglomerate, JCorp continued  to play its role in contributing efforts to attract investments to Johor, and making the state as the main foreign investment destination.

Mohamed Khaled in now in Japan to meet potential and existing investors there.

He said with JCorp’s credibility, he was confident the investments would be finalised.

Also present at the meeting were Malaysian Investment Development Authority chief executive officer, Datuk Azman Mahmud and JCorp president and chief executive, Datuk Kamaruzzaman Abu Kassim. - Bernama