Foreign investors remain positive on Johor

ISKANDAR PUTERI: Interest among foreign investors in Johor remains strong despite the change in administration with Pakatan Harapan taking over the state from Barisan Nasional.

Mentri Besar Datuk Osman Sapian said if all goes well, Johor is likely to receive about RM3.06bil worth of investments this year from China and France.

He said two Chinese companies would invest RM818.5mil each to set up a thread plant in Senai and a tyre company in Segamat, respectively.

Osman said a French company operating in Singapore would invest RM1.02bil to relocate its operations from the republic to Johor but did not reveal the location.

“I’ve recently met with Chinese and French investors and they have expressed their interest to invest in Johor,’’ he said.

Osman was replying to a question from the state opposition leader Datuk Hasni Mohammad (BN-Benut) during the state assembly sitting here at Kota Iskandar yesterday.

He said the state government would continue to put in more efforts to attract domestic and foreign investors to maintain Johor’s position as the leading investment destination in the country.

Meanwhile, the state international trade, investment and utilities committee chairman Jimmy Puah Wee Tse said the state government would organise trade missions to China, Japan, Singapore and South Korea this year.

“Our delegation of 100 people will visit Singapore on Aug 27, as part of our objective to attract more companies from there to invest in Johor,’’ he said.