Johor’s FDI hits RM48.5bil, cements status as top three investment hubs
25 Feb 2025
Johor cemented its status as a top investment destination, recording RM48.5 billion in foreign direct investment (FDI) last year, up from RM43.1 billion in 2022.
Menteri Besar Datuk Onn Hafiz Ghazi said data from the Malaysian Investment Development Authority (MIDA) showed Johor secured RM18 billion in FDI by the third quarter.
However, a final-quarter surge saw investments soar by RM30.5 billion, propelling Johor into the top three states with the highest FDI inflows.
Selangor led with RM101.1 billion in FDI, followed by Kuala Lumpur at RM91.5 billion.
Johor’s investment was primarily driven by the services sector, which contributed RM34 billion, while the manufacturing sector accounted for RM14.2 billion.
The figures were revealed at the launch of the first Paris Baguette Halal Hub in Nusajaya Tech Park today.
The event was attended by Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han, Berjaya Corp Bhd founder Tan Sri Vincent Tan, SPC Group chairman Hur Young In, and Paris Baguette Asia Pacific chief executive officer Hana Lee.
Lee said SPC Group, a South Korean food and beverage giant, invested over RM130 million in the Paris Baguette Halal Hub, which will create at least 100 job opportunities in the states.
“Paris Baguette is the first halal-certified food production plant, supplying halal products across Asia, Southeast Asia, and the Middle East,” he said, adding its RM130 million investment had boosted Johor’s halal sector.
The facility, spanning 16,500 square metres in Nusajaya Tech Park, would also export its products to South Korea, where there is a growing demand for halal-certified products, especially from Middle Eastern and Muslim tourists.
Lee said Malaysia’s globally recognised halal certification by the Islamic Development Malaysia Department (JAKIM) was a key factor in SPC’s decision to establish the factory in Johor.
“The halal market is projected to reach US$ 3 trillion (RM 13.2 trillion) by 2030. This investment strengthens Johor’s position in the global halal industry,” he added.
The Johor government welcomes foreign investments in the halal sector, aligning with Malaysia’s ambition to be a leading halal hub.
Source: NST
