JOHOR could be the recipient of a US$4bil investment next year if a consortium led by US-based Charus Development decides to set up an aluminium smelting plant there.
The state's investment arm Johor Corp (JCorp) has been negotiating with the multinational group, which includes investors from Hong Kong and China, for about two months and a decision by Charus is expected by year-end favouring a site at the Tanjung Langsat industrial park.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
