JCorp expected to bring RM18bil in investment over next five years

  • Nation
  • Wednesday, 01 Aug 2018

JOHOR BARU:  The Johor Corporation (JCorp) is expected to bring investments worth RM18bil within the next five years through its three industrial zones in Muar, Pengerang and Sedenak.

President and chief executive officer Datuk Kamaruzzaman Abu Kassim said that the Corporation has taken the initiative to relocate furniture factories from Bakri to the 399 hectare Muar Furniture Park.

He said the park has places for more than 130 furniture companies as well as a one-stop centre for promotion and marketing activities.

“The state government is a partner to the development of the park and participates in the  Muar Furniture Association and Malaysia Timber Board (MTIB)," said Kamaruzzaman.

He added that the development of the park would strengthen Malaysia's position as one of the top ten furniture exporters in the world.

Kamaruzzaman said this at JCorp’s 2018 investor networking day on Wednesday (August 1).

He pointed out that Johor is the biggest furniture exporter in Malaysia as its products are exported to more than 160 countries.

Kamaruzzaman also said that the second zone in JCorp’s focus would be the 319.7ha Pengerang Industrial Park (PIP), which would focus on oil and gas investors.

He added that the Sedenak Iskandar Data Hub is another area of focus for the corporation, saying that it is  built within a 161.8ha area that was developed jointly with the Malaysia Digital Economic Council (MDEC).

He pointed out besides the three developments, JCorp would focus on its efforts to attract investment to the 505.8ha site within the Tanjung Langsat Industrial Complex (TLIC) which is focused on heavy industries such as steel, petrochemicals as well as oil and gas.

“So far, JCorp has brought in 116 projects with a value investment of almost RM1bil to develop the industrial complex,” he said.

He added the three projects would increase the number of industrial zones developed by JCorp through its subsidiary -TPM Technopark -  to 34 areas.

Kamaruzzaman said as the main wing for state development, JCorp has built 31 industrial zones within 5,827ha and brought a total of RM80bil of investment and created 196,369 employment opportunities.

“A total of 1,289 factories have been operating in all zones developed by JCorp until June this year,” he added.

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