Khazanah keen to work with Grab in Johor
KUALA LUMPUR: Khazanah Nasional Bhd has expressed an interest to work with transport startup Grab to alleviate traffic congestion between Johor Baru and Singapore.
Khazanah managing director Tan Sri Azman Mokhtar said the traffic issue threatened to frustrate future investment flow into Iskandar Malaysia unless it was resolved.
“We have attracted RM100 million investments in the region over the past 10 years and can draw more, but we need to resolve this, which is a source of frustration,” he said during a panel discussion at the Global Transformation Forum.
In an impromptu move, he shook hands with Grab chief executive officer Anthony Tan, saying details would be worked out later.
“Let’s do this, since Grab is available in both Johor Baru and Singapore,” he said.
Azman also appealed to policymakers to remove the decades-old congestion issue, which he said was due more to management rather than too many cars and insufficient infrastructure.
At least 100,000 Malaysians cross over to Singapore daily.
Azman said Khazanah had also invested in financial technology through CIMB Bank and Bank Muamalat.
Tan Sri Azman Mokhtar