JOHOR BARU: The main sources of foreign direct investments coming into Johor are from Singapore, China and Japan, says state executive councillor Lee Ting Han.
The Johor investment, trade, consumer affairs and human resources committee chairman said the investors also made up a good part of the figures recorded in the first quarter of the year.
“Johor currently has an investment value of RM23bil in the pipeline in April, as announced by Mentri Besar Datuk Onn Hafiz Ghazi two days ago.
“Almost all the investments are located within the Johor-Singapore Special Economic Zone (JS-SEZ), focusing on industries such as petrochemical, specialty chemicals and data centre,” he said after attending the opening ceremony of a semiconductor manufacturing plant in Pasir Gudang here on Wednesday (April 23).
Touching on the event, Lee said the Johor government’s business-friendly approach in fast-tracking priority investments has helped the Japanese manufacturer complete its RM650mil facility in 12 months.
He added that the firm started investing in Johor in 2023 and started construction of the plant in November that year.
“The company’s products are part of the semiconductor supply chain and we welcome their presence in Johor.
“The state government, through federal and state agencies, had helped to fast-track the processes including the issuance of the certificate of completion and compliance.
“We hope this will be able to attract more high-value projects into Johor and create more job opportunities for the locals,” he said.
He noted that the firm in Pasir Gudang has about 120 local employees at present and has committed to hiring up to 400 local staff in phases.
Earlier when launching the project, Onn Hafiz, reiterated that the state government is ready to collaborate with investors to make JS-SEZ a reality and make Johor a developed state by 2030.
