Johor to strengthen role as leading investment destination (The Star, May 30, 2018)Iskandar Malaysia
Johor wants to attract more investors for the high-technology and halal industries to strengthen and develop its position as the leading investment destination in Malaysia.
International Trade, Investment and Utilities Committee chairman Jimmy Puah Wee Tse said Johor has the right eco-system to emerge as the new economic powerhouse in the region.
“We want to assure investors from all over the world that the Pakatan Harapan state government is investor-friendly,” he said at the opening of the RM300mil phase two expansion project of the China-based D&Y Group’s Malaysian outfit D&Y Textile (M) Sdn Bhd at the Sedenak industrial park here.
Puah said the state government had no intention to scrap investments received during the former Barisan Nasional-led state government’s rule.
He said Johor would also continue to attract more investments from China and Singapore as the two countries were the top investors in Johor.
Puah said based on statistics from the Iskandar Regional Development Authority, from 2006 until March 31 this year, Iskandar Malaysia had received RM36.35bil and RM21.54bil in investments from China and Singapore respectively.
“I want to reiterate that we welcome investors from all over the world, not only from China and Singapore.”
Puah stressed that investors must transfer their technology to the Johor side, streamline activities for local contractors or vendors and create jobs for the locals.
“We want to reduce our dependency on foreign workers gradually as the main objective of attracting investors is to create jobs for locals.”
Puah said water supply was the main concern by those keen to invest in Johor as they required undisrupted supply.
“There are no critical water shortage problems here but more of water disruptions,” he said.
Puah added that the state government would meet with the relevant agencies before Hari Raya Aidilfitri to find ways to overcome the problem.