Kulai council confident of achieving high FDI rate - MIDA | Malaysian Investment Development Authority
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Kulai council confident of achieving high FDI rate

Kulai council confident of achieving high FDI rate

21 Jun 2023

Kulai Municipal Council (MPKu) is confident it will be able to attract more investment to the district this year with the support it has received from Johor government.

Council president Mohd Fahmi Salam said MPKu had a few major investments in the pipeline that were expected to be announced by the state government later.

“We are in the midst of preparing paperwork for various projects, not only for Sedenak Tech Park (STeP) but also for Senai International Airport.

“I cannot reveal the names of the companies yet but we are confident that we will be able to achieve last year’s rate of foreign direct investment (FDI), which amounted to 70% of Johor’s total investment,” he said.

He added that FDI in Kulai last year was worth RM70.6bil, which was mainly in data centre and manufacturing sectors.

Mohd Fahmi told this to StarMetro after a MPKu full board meeting.

He said STeP recently received investments worth RM2bil from Princeton Digital Group, while I-Park Indahpura received RM300mil in investments from J-star Motion Sdn Bhd through the Kulai Fast Lane programme.

“For this year, we have received RM20.2bil worth of investments through the Kulai Fast Lane initiative, with estimated revenue of RM12.3mil,” he added.

Mohd Fahmi said MPKu would ensure that all new investments would result in more job opportunities for locals in Kulai.

“This is in line with Johor Mentri Besar Datuk Onn Hafiz Ghazi’s aim to eradicate poverty in the state.

“MPKu has also provided an information kiosk and business aid for small and medium enterprises.

“We have met with industry players who are not only looking to expand their respective industries but are also planning on launching tourism products in the district,” he said.

Mohd Fahmi added that Johor government had also outlined assignments for MPKu, namely to improve amenities around Kulai with the participation of the local community besides cleaning up Sungai Skudai.

Source: The Star