Johor emerges as No.1 in investment


Dr Sahruddin (second from left) receiving a trophy from Johor international trade, investment and utilities committee chairman Jimmy Puah Wee Tse (left) at the Johor Investment Centre Rebranding programme launch at Puteri Harbour. Looking on is Johor State Secretary Datuk Azmi Rohani (right). — THOMAS YONG/The Star

ISKANDAR PUTERI: Johor has been ranked number one in terms of investment in the manufacturing sector with total investment worth RM30.5bil last year.

Johor Mentri Besar Datuk Dr Sahruddin Jamal said the investment figure was an increase of RM8.6bil from 2017 and has become the highest achievement in the country’s history.

“Johor has made history by achieving the highest numbers in investment since 1980 with a total investment of RM30.5bil, followed by Selangor (RM18.9bil) and Sarawak (RM8.6bil).

“According to a report by the Malaysian Investment Development Authority (Mida), this is an increase of RM8.6bil as Johor recorded RM21.9bil in investment in 2017,” he said.

Dr Sahruddin was speaking at the launch of the Johor Investment Centre Rebranding programme at Puteri Harbour here.

He added that the investment came from 144 manufacturing projects that had been approved in 2018 as compared to the 146 projects approved in 2017.

“Clearly, Johor has become the main choice for investors in terms of placement of an investment project aside from securing its position as the country’s main economy contributor,” he added.

Dr Sahruddin also said changes would be made in the Johor Investment Blueprint 2020-2030 to better plan the investment path for the state in the future.

“The new blueprint will also increase our competitiveness and productivity aside from enhancing the quality of investment coming to our shore,” he said, adding that the state government had also introduced a few incentives in the recent state budget announcement.

The incentives include the introduction of Blockchain Hub in Medini, starting a grant for e-commerce companies and the development of the Kulai Iskandar Data Exchange.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

investment , manufacturing sector

   

Did you find this article insightful?

Yes
No

Next In Metro News

Kampar Council extends assessment tax payment until March 31
Petaling Jaya’s oldest market struggles to regain its favoured status among customers
Hop on for free bus rides
Premature baby in dire need of funds to survive
Happy to meet new friends offline
App’s new feature encourages cashless transactions
‘Mill road instead of resurfacing it’
Call to standardise enforcement of SOPs
Aiming high for wishes to come true
‘Periodic data cleaning cuts land tax arrears in Selangor’

Stories You'll Enjoy


Vouchers