JOHOR’S growing appeal among foreign investors and residents must be balanced with efforts to ensure locals continue to benefit from the state’s economic development.
State investment, trade, consumer affairs and human resources committee chairman Lee Ting Han said Johor’s strategic location next to Singapore, growing economic opportunities and infrastructure development were among factors attracting foreigners.
“Foreign entrepreneurs generate demand for local products and services, while skilled professionals bring valuable expertise and international business networks.
“Their presence also benefits various sectors, including retail, food and beverage, healthcare and education,” he said.
“However, it is important that these economic benefits extend to local businesses, workers and communities,” he stressed.
Lee said the development of the Johor-Singapore Special Economic Zone (JS-SEZ) was expected to further strengthen the state’s position as an investment destination.
Attracting high-value industries, he said, was important to create better-paying jobs and improve the earning potential of local workers.
“We want to ensure investments coming into the state create meaningful employment opportunities for Johor folk.
“At the same time, we need to strengthen collaboration between industries, educational institutions, and training providers to equip local workers with the skills needed to take advantage of these opportunities,” he said.
On concerns about the rising cost of living, he said the issue needed to be addressed alongside Johor’s rapid economic development.
Lee said rising housing prices, food costs and other daily expenses were among the challenges that could affect the quality of life of Johor folk.
“While foreign investment and international residents bring economic benefits, we must also be mindful of the potential pressure on housing demand, rental prices and other living expenses.
“However, rising property prices and living costs cannot be attributed entirely to foreign presence, as there are various factors influencing the market,” he pointed out.
Lee further said economic growth should not be measured solely by investment figures but also by improvements in household income and living standards.
“We want Johor to remain an attractive destination for foreign investors and professionals, but we must ensure that local communities are not left behind.
“Ultimately, our goal is to ensure that Johor folk enjoy the benefits of the state’s economic growth and build a better future here,” he reiterated.
