Johor attracted over RM70bil investments in 2022, highest in 10 years

ISKANDAR PUTERI: Johor received RM70.6bil worth of investments in 2022, the highest amount recorded in the past decade.

State investment, trade and consumer affairs committee chairman Lee Ting Han (pic) said the amount of investment was a drastic increase.

"The RM70.6bil the state received last year is the highest investment within the last decade. From the investment we received last year, a total of RM58.7bil (83.26%) is from foreign investment while RM11.8bil (16.74%) is domestic.

"The investment sector has been divided into three sector categories, namely the primary sector, the manufacturing sector and the service sector," he said during the state assembly meeting at Bangunan Sultan Ismail in Kota Iskandar here on Tuesday (March 21).

Lee was replying to a question from former Johor mentri besar Datuk Seri Hasni Mohammad (BN-Benut) who asked what new investments the state had received so far, broken down by sector and total investment.

He also said the investment value for the primary sector in 2022 was RM38.9mil (0.06%), while the manufacturing sector received RM14.5bil (20.65%).

"The service sector managed to receive the highest investment value of RM 55.9bil (79.29%)," he said, adding that the three sectors were also divided into various sub-sectors.

Lee said the primary sector is divided into two sub-sectors, namely the agricultural sector and the plantation and commodities sector.

He said the agriculture sector received RM33mil in investments, which was 84.8% of the total investment value of the primary sector, followed by the plantation and commodity sector, which is RM5.8mil (15.16%).

"The manufacturing sector is divided into 18 sub-sectors namely, chemicals and chemical products; scientific and measurement equipment; electricity and electronics; non-metallic mineral products and many more.

"Five sub-sectors received the highest investment value in the manufacturing sector, namely, chemicals and chemical products RM5.2bil (35.76%), second was scientific equipment and measurement RM3.6bil (25.08%), third was electrical & electronics RM 1.9bil (13.45%), fourth was non-metallic mineral products RM736mil (5.05%) and fifth was textiles and textile products RM432mil (2.96%)," he added.

Lee said the service sector is divided into 10 sub-sectors namely, information and communication; utilities; real estate; distribution trade; support services and others.

He added the five sub-sectors received the highest investment value in the service sector namely, information and communication RM51bil (91.26%); second was utilities RM2.8bil (5.11%), third was property RM 1.1bil (2.01%), fourth was distribution trade RM521mil (0.93%) and fifth was support services RM317mil (0.57%).

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