Special Financial Zone to boost Johor’s growth


JOHOR BARU: The petrochemical, electrical and electronics (E&E), and non-metallic mineral industries contributed to Johor’s RM5.2bil worth of exports in July this year, says Johor executive councillor Lee Ting Han.

The Johor investment, trade, consumer affairs and human resources committee chairman said the state is expected to continue leading the nation in attracting investments, especially with the launch of the Special Financial Zone in Forest City this Friday.

He said Finance Minister II Datuk Seri Amir Hamzah Azizan, who will launch the event, is expected to announce several incentives and packages designed to attract companies in sectors such as financial services and insurance.

“The petrochemical and chemical sectors are key contributors as Johor is home to industrial areas like Pengerang, Pasir Gudang and Tanjung Langsat.

“In the E&E sector, semiconductors play a major role, while non-metallic minerals provide essential raw materials for manufacturing in other industries,” he said.

Lee said this when met after officiating the Tunku Abdul Rahman University of Management and Technology (TAR UMT) Sunbeam Splash event at the Austin International Convention Centre yesterday.

He was commenting on the Statistics Department’s report, which highlighted Johor as one of the leading states for Malaysia’s exports.

“This year will continue to be a positive one for Johor, also because of the Johor-Singapore Special Economic Zone, which will be signed at the end of this year.

“Large-scale projects, such as the Johor Baru-Singapore Rapid Transit System Link, and the expansion of the Senai-Desaru Expressway and North-South Expressway, will also benefit the state in years to come,” he said.

He added that the state government has requested funding for the development of the elevated Automated Rapid Transit system and improvements to junctions on the Second-Link Expressway to ease traffic congestion.

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Johor , Investment , SFZ , SEZ

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