Johor records second highest foregin direct investment in Malaysia in 2014 at RM7.9 billion

Johor records second highest foregin direct investment in Malaysia in 2014 at RM7.9 billion

NUSAJAYA, Nov 24 (Bernama) — Johor attracted the second highest amount of foreign direct investment (FDI) among states in Malaysia last year after Sarawak at RM7.9 billion.

Menteri Besar Johor Datuk Seri Mohamed Khaled Nordin said for January-September period this year, Johor received RM2.3 billion in FDI.

“From the Johor Investment Centre’s (JSIC) records, the state’s total FDIs from 2010 to 2014 amounted to RM29.5 billion,” he said when responding to a question from Datuk Dr Shahruddin Md Salleh (BN-Jorak) at the Johor State Assembly, here today.

Mohamed Khaled said Singapore was the top country investing in Johor at RM6.7 billion, which accounted for 22% of the total FDI, followed by the US (RM5.4 billion, Japan (RM4.6 billion), the Netherlands (RM3.1 billion), and China (RM1.37 billion), while the others were Indonesia, South Korea, Germany, and India.

More than 75,000 jobs have been created since 2010 through the FDI, resulting in Johor becoming one of the states having the lowest unemployment rate in the country, he added.

To a question from Dr Mohd Zaini Abu Bakar (BN-Nusajaya), Mohamed Khaled said the state government has started working on the Johor Strategic Growth Plan in order to provide an international standard planning and infrastructure provision in efforts to attract more foreign investors.

The plan is aimed at stimulating a long-term economic growth which entails a balanced development across Johor, he added.

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