JOHOR BARU: The RM15bil worth of investment to develop a Robotic Future City within the northern region of Iskandar Malaysia here will be a game changer.
State Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said the latest investment will change the landscape and spur Johor’s economy even further.
Tee said this after a dialogue session with the Johor Baru Chinese Chamber of Commerce and Industry (JBCCI) at Bangunan Sultan Ibrahim here.
He added that the Robotic Future City would also help create thousands of jobs for Johoreans and business opportunities for local industry players.
“It will make Johor a hub for robotic development,” said Tee.
It was recently reported that Malaysia would be a big beneficiary of China's Belt and Road initiative with nine memoranda of understanding and agreements, including several new deals totalling more than US$7.22bil (RM31.26bil), signed between companies from the two countries in Beijing.
Among the agreements is the setting up of a Robotic Future City by Johor Corporation, the state government's investment arm, and its Chinese partner Siasun Robotic Investment.
The US$3.45bil (RM15bil) project, which is also the largest business-to-business agreement made during the event, is scheduled to kick off by the end of this year on 404ha of land.
Siasun is the largest robotic base in China and a listed enterprise under the Chinese Academy of Science (CAS).