China, Singapore and South Korea are top three investors in Johor

China, Singapore and South Korea are top three investors in Johor

JOHOR BARU: China, Singapore and South Korea had been the top three nations that have poured opportunities into Johor within the first half of the year.

Out of the complete RM60. 9bil raked in by Johor, which was the highest investment decision value in the country from January to 06, investors from Tiongkok contributed some 60 per cent or RM40bil, said Johor investment, industry and consumer affairs committee chairman Shelter Ting Han.

“The investments mostly went into setting up data centres as a lot of cost goes into the particular land (acquisition) plus sophisticated facilities just for such services.

“So far, a global political situation have not impacted the state in terms of receiving investments from China and Taiwan and we remain in the position of welcoming purchases that will benefit the individuals and country, ” he told reporters after launching Standards and Industrial Study Institute of Malaysia (SIRIM) engagement trip to Persada Johor here on Monday (Sept 12).

Shelter added that Singapore and South Korea came in second and third place correspondingly as the top traders for the state.

Asked about the state government’s forecast for the expense value for the rest of the entire year, Lee said no target has been established yet but he was optimistic that “it will be a good year for Johor this year. ”

“We are currently in active talks along with investors from countries such as the United States plus United Kingdom in various areas like petrochemical plus manufacturing.

“We are also expecting the particular launch of an aerospace project later this particular month, which is scheduled to be officiated by International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali at the Nusajaya Tech Park, ” he said.

On Sept 2, the Malaysian Expenditure Development Authority (Mida), reported that the RM60. 9bil investment was an increase of 822% compared with the corresponding period in 2021.

From The month of january to June 2022, the service industry recorded RM54. 2bil of investments, which usually accounted for almost the entire amount of investments with the presence of foreign-based data companies.

Meanwhile, the RM6. 7bil recorded visited the manufacturing field while the primary industries – distribution, transportation and logistics : registered RM0. 03bil.