Johor State Government launched the Johor Economic Transformation Plan (JETP) by identifying 83 investment projects in eight priority industries that are expected to contribute RM167.4 billion.
Lee Ting Han, chairman of the State Investment, Trade, Consumer Affairs, and Human Resources Committee, stated that industries such as health and pharmaceuticals, logistics, aerospace, tourism, agriculture, energy, electrical and electronics, and chemicals and petrochemicals will help Johor’s economy grow even further.
He said focusing on these industries would strengthen the state’s investment narrative, giving investors confidence in the government’s ongoing support.
According to him, JETP has the potential to accelerate investment realisation in the state by implementing 32 strategic intervention initiatives identified based on key challenges and opportunities raised by stakeholders in the private sector and relevant government agencies.
“All of these initiatives have been filtered and prioritised to ensure that the state focuses on the most critical interventions. These initiatives are then assessed based on their economic impact and ease of implementation,” he stated while introducing the JETP at the Persada Johor International Convention Centre.
Also in attendance were caretaker Menteri Besar Datuk Onn Hafiz Ghazi, Johor’s Economic and Investment Advisor Datuk Seri Hasni Mohammad, and Pemandu Associates President and Chairman Datuk Seri Idris Jala.
According to Lee, the JETP was created to strengthen Johor’s position as the country’s primary economic hub and to promote the growth of existing and future industries.
The plan, he explained, was created to strengthen the second core of Maju Johor 2030, namely economic development, by focusing efforts on attracting high-quality investments from both domestic and international sources, stimulating economic growth through incentives, infrastructure development, and a business-friendly environment.
“This plan also aims to empower the workforce with skills and knowledge aligned with industry needs and to create quality job opportunities for the people, in support of inclusive and sustainable economic growth,” he said.
According to Bernama, Lee stated that three main targets have been established under the plan to ensure that the state government meets a gross domestic product (GDP) target of RM260 billion, with an expectation of more than 200,000 new job opportunities by 2030.
“Through the development of high-value sectors, Johor’s GDP per capita is expected to exceed RM69,000 by 2030, with a compound annual growth rate (CAGR) of 7.5%, surpassing the World Bank benchmark for high-income states,” he said.
He added that under the JETP, each district will play a strategic role in ensuring more inclusive and balanced economic growth, complementing and strengthening the Johor-Singapore Special Economic Zone (JS-SEZ) by developing local sector ecosystems.
