Johor aims to be economic powerhouse


  • Nation
  • Sunday, 20 Jul 2014

JOHOR BARU: Johor wants to position itself as Malaysia’s economic powerhouse by continuing to lure high-technology and capital-intensive investments into the state.

Mentri Besar Datuk Mohamed Khaled Nordin said Johor had the right eco-system and supporting factors needed to emerge as an economic powerhouse, including its strategic location at the international crossroads.

“Over the years, Johor has maintained its position as one of the top investment destinations in the country in the manufacturing segment,” he told reporters yesterday at the launch of the gated and guarded Frontier Industrial Park II project on a 25.08ha site in Desa Cemerlang here.

Mohamed Khaled said Johor had attracted RM14.4bil in investments in the manufacturing sector last year, which was the highest in the country. Of the total, RM11bil came from foreign investors.

Apart from the state’s strategic location and close proximity with Singapore, which was an added advantage in attracting investors, he said Johor also had skilled workers and good infrastructure.

“Iskandar Malaysia is another main factor that will continue to drive and spearhead economic growth and progress in the coming years,” he said.

Mohamed Khaled said Johor would be more selective in attracting domestic and foreign manufacturers to set up their operations, adding that priority would be given to capital-intensive investments.

He said that Johor was not only competing with other states in Malaysia in attracting investors but also with other countries in the region such as Cambodia, Indonesia and Vietnam.

“We will launch the Johor Strategic Growth Plan in November by focusing on five key economic sectors as the push factors,” he said.

He added that industrial building developers in Johor should keep up the practice of offering “green and clean”, gated and guarded industrial parks.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Nation

Govt tapping into more data to narrow down assistance, says Tengku Zafrul
MIFF FURNIVERSE online furniture exhibition on March 8-12
Drought forcing northern farmers to alternative crops
Two ex-DAP state reps from Perak join Bersatu
Duo in car-ramming incident charged with attempted murder
Man in jealous rage shoots wife dead in her sleep
SPAN: Dams are full but be prudent
Herbal tea is best for hot spell
‘Firms that paid Zahid had no business activities’
Judge recuses himself from hearing Anwar’s appeal

Stories You'll Enjoy


Vouchers