Johor needs to tap new economic sectors to attract investments, says exco member

  • Nation
  • Thursday, 14 Nov 2019

ISKANDAR PUTERI: Johor needs to diversify its economic activities by exploring and tapping new economic sectors, says a state exco member.

Johor International Trade, Investment and Utility Committee chairman Jimmy Puah Wee Tse (pic) said it was becoming more challenging to attract new investments into the state.

He said there were many uncertainties in the global economic landscape and this had affected not only Malaysia, but other countries, too.

Puah added the situation was further fuelled with the ongoing trade war between China and the United States, and now between Japan and South Korea.

"We need to put in more effort and work even harder to continue attracting new investors to Johor," he said at a press conference after the launch of the Johor Convention and Exhibition Bureau (JCEB) at a hotel here on Thursday (Nov 14).

He said while Johor has cemented its position as the leading manufacturing hub in the country, the state should not be too dependent on the manufacturing sector.

"We foresee good growth prospects and opportunities in the service sector, and new and emerging technologies," said Puah.

He said the setting up of the JCEB is to tap the potential in the meetings, incentives, conventions and exhibitions (MICE) segment.

Puah said on that note, he urged the private sector to play its role in developing the MICE segment in Johor.

"MICE is a big market and statistics showed delegates attending business-related event spent double of what normal tourists do," he said.

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