RM5.521 Billion Potential Investment for Johor State

Johor State Investment Master Plan 2020-2030 can boost efforts to improve the direction and strategy for attracting high-quality investments

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Chairman of the state Investment, Entrepreneur Development, Cooperatives and Human Resources Committee, Datuk Mohd. Izhar Ahmad (Image courtesy of Mohd Izhar Ahmad’s Facebook page)

“Johor has raised investments of more than RM5.5 billion this year that are just waiting to be signed,” said the Chairman of the state Investment, Entrepreneur Development, Cooperatives and Human Resources Committee, Datuk Mohd. Izhar Ahmad.

According to the Larkin State Assemblyman (ADUN) during the 14th Johor State Assembly (DUN) Conference, in Kota Iskandar, as of 1st September 2021, the cumulative value of investments that could potentially be brought into Johor is expected to reach RM5.521 billion.

“Invest Johor will publish the Johor State Investment Master Plan 2020-2030 which will be an additional reference apart from the Johor State Sustainable Economic Development Plan (2020-2030). The additional strategic plan can help efforts to improve the direction and strategy in attracting high quality investment activities,” he said.

Mohd. Izhar said Invest Johor and the Johor Economic, Tourism and Cultural Office (JETCO) are actively implementing various initiatives to maintain existing investments as well as intensifying efforts to ensure that Johor becomes a major investment destination.

He added that the Social Security Organisation (SOCSO), as of 27th of August stated that there were 12,000 job vacancies offered in the state.

“Based on records, the number of individuals in Johor who lost their jobs in the period between January to 13th August 2021 is 3,915 people and of that number, 2,122 are men and 1,793 women.

“The manufacturing industry is the sector that has the highest number of job losses, involving a total of 1,278 workers,” he said.