Dutch, Australian companies express interest to invest in Johor - Onn Hafiz - MIDA | Malaysian Investment Development Authority
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Dutch, Australian companies express interest to invest in Johor – Onn Hafiz

Dutch, Australian companies express interest to invest in Johor – Onn Hafiz

15 Feb 2023

Several companies based in the Netherlands and Australia are interested to invest in various sectors in Johor, following their confidence in its potentials, as well as achievements accomplished by the state throughout last year.

Johor Menteri Besar Datuk Onn Hafiz Ghazi said this matter was conveyed in his meetings with delegations from both countries during his three-day working visit to Singapore. 

“In Singapore, we met with many delegates who were interested to invest in Johor and the feedback we received from them were very encouraging, with the Netherlands wanting to start their business here, and Australia also wanting to get involved in data centre development… this makes us very excited.

“This is because, up to the third quarter (of last year), Johor recorded an investment of RM63.9 billion. (Hence) the potential for Johor is huge, and at the state level, we will continue to intensify efforts to attract more investors to the state,” he said.

Onn Hafiz told reporters this after the ground-breaking ceremony of the bitumen storage tank at ATB Tanjung Bin, Tanjung Bin Petroleum Centre here on Wednesday (Feb 15).

He said the increased efficiency rate to attract investors is important, as it will subsequently increase the income for the state, besides adding more quality jobs for Malaysians, specifically for Johor residents.

Onn Hafiz further said that the state is optimistic of maintaining its position as a key investment destination in the country, and believes that the investment worth RM63.9 billion recorded for the January-September 2022 period is achievable this year.

After Singapore, the state government has planned to hold official visits to the Netherlands and China soon to discuss investment opportunities in Johor, hence, enabling to draw investors and international companies to set up businesses in the state.

“During the Singapore visit, investors also praised Johor’s capability through Invest Johor, besides Malaysian Investment Development Authority (Mida) and the Ministry of International Trade and Industry (Miti), which helped expedite the documentation process to invest in Johor,” he said.

Earlier, Onn Hafiz officiated the ground-breaking ceremony of the phase three project expansion development, worth RM260 million, which is expected to further encourage the expansion of the sector in this region.

The Tanjung Bin Petrochemical and Maritime Centre, which is developed by international investors including from the Nertherlands with a capital of RM2.4 billion since 2012, is aimed at transforming southern Johor into an oil and gas hub.

Source: Bernama