Johor govt approved RM113.7 billion in investments in last two years, says MB

Johor govt approved RM113.7 billion in investments in last two years, says MB

15 Apr 2024

The Johor government approved RM113.7 billion in investments in the last two years, which is almost 20 per cent of the country’s total approved investments in the same period.

Johor Menteri Besar Datuk Onn Hafiz Ghazi attributed the state’s strategic and robust location as the main factor in achieving the investments.

Between 2022 and 2023, Malaysia’s overall approved investment was RM597.2 billion.

“In a post-Aidilfitri discussion today, the main focus was on the Johor-Singapore Special Economic Zone (JS-SEZ) implementation efforts,” read a post on Onn Hafiz’s Facebook.

A dialogue session with state-based industry players discussed several efforts, including incentives, potential sectors and areas that could be offered the opportunity to conduct their business and operations in the JS-SEZ.

The menteri besar is committed to replicating the Shenzhen-Hong Kong SEZ achievements in the state.

“To achieve Shenzhen’s success in becoming a thriving SEZ, all industry players must share the same agenda within a broader framework.

“We must ensure it is beneficial to the people, too, enjoys economic growth, while creating job opportunities,” he added.

The discussion was attended by state executive council members, Iskandar Regional Development Authority and Malaysian Investment Development Authority representatives, among others.

Source: NST