Johor recorded highest investments in the country from January-June this year, says MB

JOHOR BARU: Johor recorded the highest investment figure in the country in the first-half of the year, says Mentri Besar Datuk Onn Hafiz Ghazi.

He said as reported by the Malaysian Investment Development Authority (Mida), the RM60.9bil investment was an increase of 822% compared with the corresponding period in 2021.

“The achievement shows Johor is able to attract high-technology and quality investments to further raise the economy to a higher level,’’ he said in a Facebook post on Friday (Sept 2).

Onn Hafiz added that from January to June 2022, the service sector recorded RM54.2bil of investments.

He said the figures accounted for almost the entire amount of investments with the presence of foreign-based data companies.

Onn Hafiz also said the manufacturing sector continues to attract foreign investments with RM6.7bil recorded while the primary sectors – distribution, transportation and logistics – registered RM0.03bil.

“The investments will create new job opportunities and bring economic multiplier effects to the state,’’ he said.

Onn Hafiz said the state government would focus on providing basic infrastructure and incentives to attract investors into Johor.

“The Johor government, with the cooperation from the Federal Government, would work even harder and put in more efforts to identify high quality and high-impact investments for the state.

“Good relationship between the state and Federal Government is important in view of the challenges in the world geo-political landscape,’’ he said.