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Saturday December 8, 2012

Johor to attract more investors

NUSAJAYA: Johor is taking more proactive measures and efforts to attract new investments especially from domestic investors into Iskandar Malaysia next year in view of the economic uncertainties in Europe and the United States.

Mentri Besar Datuk Abdul Ghani Othman said the influx of domestic investments would help cushion the slow flow of the foreign investments into the country's first economic growth corridor and spur its development.

He said that as of Sept 30 this year, Iskandar received a total of RM99.79bil in cumulative committed investments, of which 63% came from domestic investors and 37% from foreign investments.

“We have to work even harder to attract new investments and concerted effort is needed from stakeholders to spearhead Iskandar's development,” said Abdul Ghani at the tabling of the Johor 2013 budget at the state assembly meeting in Kota Iskandar yesterday.

He said the budget's theme of “For the Well-being of the People”, outlined three main objectives encouraging investment and human capital, strengthening fiscal management and improving the quality of life.

Abdul Ghani added that this included building 5,500 affordable houses under the public housing programme where units would be for sale or rent to deserving people.

“To reaffirm Johor's position as the major food producer in the country, we will develop a 3,600ha area in Mersing as an agricultural hub for crops and livestock breeding activities,” he added.

He said next year's budget would see Johor recording a surplus of RM4.4mil with revenue of RM908.66mil and RM904.26mil for operating expenditure.

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