Johor records RM5.74bil less in investment this year due to Covid-19

ISKANDAR PUTERI: The state government has recorded a decrease of about RM5.74bil in investment this year compared to last year due to the closure of the international border following the Covid-19 pandemic.

Johor investment, cooperatives, entrepreneurship development and human resource committee chairman Datuk Mohd Izhar Ahmad said that the state government received a total of RM5.71bil in investment from the manufacturing and industrial sector this year.

“Of the number, RM3.39bil is from foreign investment while RM2.32bil is from domestic investment.

“In comparison, last year we received RM11.45bil in investment; RM6.53bil from foreign investment and RM4.91bil from domestic investment, ” he said.

He said this during the Johor state assembly here at Bangunan Sultan Ismail in Kota Iskandar on Sunday (Nov 29).

He was replying to questions from Datuk Sharifah Azizah (BN-Penawar) and Ee Chin Li (PH-Tangkak) about the comparison in investments received by the state between 2019 and 2020.

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