KULAI: The Johor state government is confident of achieving it’s target of attracting RM8 billion in investments this year despite the global economic uncertainties.
State International Trade, Investment and Utilities Committee chairman Jimmy Puah said the state government is positive about the Johor’s investment climate.
“According to a Malaysian Investment Development Authority (MIDA) report, there are two big companies that are interested in investing in Malaysia and both are located in Johor.
“We have also been approached by a Chinese investor who is interested in developing a one-stop centre for housing construction where they would provide everything from building materials to furniture. They want an area of 81 hectares for the venture,” said Puah.
Puah said an announcement regarding an investment in the electrical and electronic sector is also expected to be made soon.
“Johor remains an attractive destination for foreign investment because of its geographical location near Singapore and the excellent infrastructures like ports and airport.
“Another factor is the excellent civil service in Johor. The civil servants in Johor are always willing to help and cooperate, which is a positive point,” said Puah.
He was speaking to the media after attending a briefing on the Johor Budget 2019. Also present were Kulai district officer Mohd Khir Johari Salleh and Johor Information Department assistant director Mohammed Iqbal Ibrahim.
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