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Onn Hafiz: Johor has potential to receive RM10 to RM15 bln investment from Singapore-based int’l companies

Onn Hafiz: Johor has potential to receive RM10 to RM15 bln investment from Singapore-based int’l companies

13 Feb 2023

Johor has the potential to draw investments of around RM10 billion to RM15 billion from several international companies based in Singapore, according to Menteri Besar Datuk Onn Hafiz Ghazi.

Onn Hafiz said this following his meeting with representatives of several international companies, among them, AirTrunk, the biggest hyper-scale data centre company in Asia Pacific and Japan; and Wilhelmsen, one of the renowned maritime groups at the global level.

“Besides them, I also met with a few potential investors from other countries,” he said in an update on his Facebook today, alongside several photos of his meetings with the companies’ representatives.

Onn Hafiz is currently on a three-day official visit to Singapore beginning today, aimed at further enhancing the good relations between the republic and Johor.

“Insya-Allah, besides the thousands of high-income jobs for Bangsa Johor, economic spillovers and developments that will be generated from these investments, certainly will bring more prosperity to the people in the state.

“All these show that Johor continues to remain the main destination of choice for industry players at the global level,” he said.

He said the state government with the help of the federal government is committed to becoming the facilitator in terms of offering utilities and infrastructure, up to tax incentives, to provide a more investor-friendly environment to industry players.

The meeting was attended by State Investment, Trade and Consumer Affairs committee chairman Lee Ting Han; Deputy State Secretary (Development) Datuk Mohammed Ridha Abd Kadir; and Iskandar Regional Development Authority chief executive Datuk Dr Badrul Hisham Kassim.

Also present were Malaysian Investment Development Authority Singapore director Vinothan Tulisinathzan; Invest Johor chief executive Zarina Abdul Kadir; Johor Economic, Tourism and Cultural Office Singapore chief executive officer Saifuddin Abdul Rahim; and Invest Johor manager Sarkawi Zainal Abidin.

Source: Bernama