Johor has the potential to receive up to RM15 billion in investments

Johor has the potential to draw investments of around RM10 billion to RM15 billion from several international companies based in Singapore, according to Menteri Besar Onn Hafiz Ghazi.

Onn Hafiz said this following his meeting with representatives of several international companies, among them, AirTrunk, the biggest hyper-scale data centre company in the Asia Pacific and Japan; and Wilhelmsen, one of the renowned maritime groups at the global level.

“Besides them, I also met with a few potential investors from other countries,” he said in an update on his Facebook yesterday, alongside several photos of his meetings with representatives of the companies.

Onn Hafiz (above) is currently on a three-day official visit to Singapore, beginning yesterday, aimed at further enhancing the good relations between the republic and Johor.

“Insya-Allah, besides the thousands of high-income jobs for Bangsa Johor, the economic spillovers and developments that will be generated from these investments will certainly bring more prosperity to the people in the state.

“All these show that Johor continues to remain the main destination of choice for industry players at the global level,” he said.

Committed to being investor-friendly

The state government, with the help of the federal government, is committed to becoming the facilitator in terms of offering utilities and infrastructure, up to tax incentives, to provide a more investor-friendly environment to industry players, Onn Hafiz added.

The meeting was attended by State Investment, Trade and Consumer Affairs Committee chairperson Lee Ting Han; Deputy State Secretary (Development) Mohammed Ridha Abd Kadir; and Iskandar Regional Development Authority chief executive Badrul Hisham Kassim.

Also present were Malaysian Investment Development Authority Singapore director Vinothan Tulisinathzan; Invest Johor chief executive Zarina Abdul Kadir; Johor Economic, Tourism and Cultural Office Singapore chief executive officer Saifuddin Abdul Rahim; and Invest Johor manager Sarkawi Zainal Abidin.

- Bernama