Johor the biggest contributor to Malaysia's total trade

 

Johor emerged as the biggest contributor to Malaysia’s total trade, worth RM247.59 billion, from January to April this year.

Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz said Johor's contribution in terms of trade and investment is important for the country's economic growth.

"Both trade and investment (Johor) are important, and in terms of Johor's contribution to trade, it is number one, which is 30 percent of Malaysia's total trade," he told reporters after attending the joint committee meeting on industrial coordination in Kota Iskandar, Iskandar Puteri, today.

Also present was Johor Menteri Besar Onn Hafiz Ghazi.

Malaysia recorded a total trade worth RM842.795 billion from January to April this year.

For the same period last year, Johor was third in terms of total trade behind Selangor and Penang.

The Investment, Trade and Industry Ministry will facilitate electrical and electronics, chemical, and sustainable energy investment in Johor will facilitate electrical and electronics, chemical, and sustainable energy investment in Johor

Zafrul (above) said the investment momentum in Johor is considered to be positive and growing with the main sectors continuing to be the focus such as electrical and electronics and chemicals and petrochemicals.

"Today's meeting also discussed the renewable energy industry and the workforce, where investors and companies are asked to focus on these two aspects," he added.

Successfully implemented

The minister also praised the performance and cooperation of federal agencies and the state government in ensuring that all investments in Johor that had been announced were successfully implemented.

"For example, when investors come, sometimes there are (projects) that cannot be implemented but in Johor, based on the track record, almost 98 percent of the announced projects have been implemented," added Zafrul.

Johor Menteri Besar Onn Hafiz Ghazi

Meanwhile, Onn Hafiz expressed his appreciation to the Investment, Trade and Industry Ministry and the federal and state agencies involved in ensuring investments in Johor are at the best level.

It can also be seen when the state also recorded the highest exports in the country from January to April this year, he added.

"The cooperation among agencies under the ministry, together with agencies at the state level, contributed a lot to this investment figure.

"Export value continues to increase because investors want to see how we can help them in terms of efficiency because time is money," he added.

- Bernama