Johor had RM14.3bil FDIs


  • Nation
  • Friday, 16 Jun 2006

IN THE last six years, Johor received RM14.3bil in foreign direct investments, Mentri Besar Datuk Abdul Ghani Othman announced. 

Of the 1,317 factory projects with proposed investments totalling RM22bil, only RM7.7bil came from domestic investors, he said. 

The top three foreign investors are Singapore, Japan and Indonesia. 

Abdul Ghani said the state government encouraged investment in high-technology sectors that were capital-intensive and knowledge-based. 

“In addition to the incentives offered by the Federal Government, the state also has several initiatives to encourage investment growth in the country,” he added.  

According to him, Johor was intent on improving its logistical infrastructure, and upgrading the entry and exit points at the international airport and ports. 

He added that the initiatives included the development of a logistics hub that would integrate land, air and marine transportation. 

“We also encourage the setting up of regional distribution centres,” he said.  

Abdul Ghani also announced that the state government expected to collect an estimated RM2.7bil in quit rent this year. He said as of June 14, RM1.8bil had been collected.  

According to him, the total amount of quit rent collected last year was RM1.5bil, compared with the estimate of RM2bil.  

Earlier, it was darkness at the assembly when electricity was disrupted barely 45 minutes into the session.  

Johor TNB general manager (distribution) Mohammad Mokhtar Ali said the blackout was caused by an overload in Bukit Timbalan, which resulted in fuses tripping.  

Power was restored after about 45 minutes.  

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