Johor seeks to attract investments from Netherlands and China to boost economy


PONTIAN: Netherlands and China are set to be the next destination for the Johor government to expand its investment approach in line with the government's aim to grow the local economy, says Datuk Onn Hafiz Ghazi.

The Johor Mentri Besar said that his recent visit to Singapore has been fruitful, with at least two foreign companies having confirmed their intention to expand their market into the state.

“We managed to bring in RM63.9bil worth of investments in the third quarter of last year, and we hope that we can reach the same figure this year.

"Johor has a huge potential for development, and during my recent visit to Singapore, we managed to meet companies from Holland that wanted to open their businesses here and in Australia, which involved a data centre.

“Our next target is going to be the Netherlands and China, as both of these countries have huge markets that we can tap into, so we will be going there soon,” he said.

He said this when met by reporters after the groundbreaking ceremony of the ATT Tanjung Bin Sdn Bhd (ATB) Phase 3 Expansion of the Bitumen facility in Kukup here on Wednesday (Feb 15).

The state government, through Invest Johor, together with the International Trade and Industry Ministry (Miti) and the Malaysian Investment Development Authority (Mida), will continue to help to smooth the investors' operations in terms of support, licences, and documentation approval, he added.

“All of these investments will improve our efficiency rate, which will translate into an increase in state revenue and more high-quality job opportunities for our locals,” he added.

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