JOHOR BARU: Johor is getting the most out of the RM170bil worth of investments Malaysia will receive from China, says state investment, trade and consumer affairs committee chairman Lee Ting Han.
He said that of the total amount, the state would be getting RM80bil from China’s largest petrochemical company, Rongsheng Petrochemical Co Ltd.“The state government has been carrying out its own efforts to attract more foreign investors to make Johor the main investment destination in the region.
“Before Rongsheng made the decision to invest in Malaysia, we had been helping them since July last year, when they made a series of trips to Pengerang, Kota Tinggi.“The company had many discussions with Johor Mentri Besar Datuk Onn Hafiz Ghazi in Kota Iskandar before meeting again during his official visit to Singapore in February this year,” Lee said after visiting the Johor Baru-Singapore Rapid Transit System (RTS) Link marine viaduct at Stulang Laut here on Tuesday evening.
He thanked Prime Minister Datuk Seri Anwar Ibrahim and International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz for meeting with the company’s highest management in Beijing recently and successfully getting their commitment to invest in Malaysia.
“If it is realised, it will be the largest project in Malaysia after the PETRONAS Integrated Refinery and Petrochemical Complex (Rapid) project (in Pengerang),” he added.
During Anwar’s official visit to China – his first after taking office – from March 29 to April 1, the Malaysian delegation secured RM170bil worth of investment commitments from China.
Anwar also met Chinese President Xi Jinping and witnessed the signing of 19 memoranda of understanding.
