Johor records high foreign direct investments

ISKANDAR PUTERI: Johor has recorded the highest number of foreign direct investments (FDI) in the country, with RM24.036bil last year.

State international trade, investment and utility committee chairman Jimmy Puah Wee Tse said the figure showed a four fold increase compared to 2017, which stands at only RM5.102bil.

“The second state with the highest FDI in 2018 was Selangor with RM10.837bil, followed by Pahang with RM7.571bil.

“Data shows that foreign investors have high confidence in Johor,” he said in his reply to Datuk Md Othman Yusof (BN – Kukup) and Abd Taib Abu Bakar (BN – Machap) at the Johor state assembly.

Puah added that Johor recorded RM2.249bil in FDI for the first three months of 2019 alone, which saw a huge jump from only RM868.09mil during the corresponding period last year.

“Despite the current global economic climate which is uncertain and slow, we are still able to compete and record the highest number of FDI in Malaysia,” he said.

He said out of 18 countries that had invested in Johor in 2018, Indonesia contributed the highest FDI of RM8.46bil and focused mainly on the oil and gas industry in Pengerang.

Other countries that have invested here include the Netherlands (RM7.57bil), China (RM2.84bil), the United States (RM2.36bil), Singapore (RM864.69mil) and Japan (RM764.58mil).

Puah said petroleum and petrochemical industry topped the list with RM11.834bil, followed by electric and electronics industry with RM8.315bil and chemistry and chemical products industry with RM2.364bil.

“I am sure that Johor will be able to continue sustaining the confidence of investors and businesses with its current policies,” he said, adding that the state would attract more quality investments into the state this year.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Did you find this article insightful?


100% readers found this article insightful

Next In Metro News

Johor Baru, Pasir Gudang city councils to build two weirs at Pasir Gudang Highway to stem flooding
Health and beauty retailer sends supplies to frontliners
‘Forgetful’ drivers warned
Sports groups now eligible for aid scheme
Pandemic clips wings of bird park
Two expressway projects to be ready in 2025
Warm homely festival of lamps
More rabies cases in Sibu
New norm affecting animals, too
Healthy lifestyle initiative

Stories You'll Enjoy