Tee: Initiatives will help draw more investments to Johor

ISKANDAR PUTERI: Johor is confident of attracting more domestic and foreign investments with the initiatives and policies introduced in Budget 2018.

“Johor stands to gain as we are the No. 1 destination for investment in the manufacturing sector in Malaysia,” state Tourism, Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said.

The RM150mil financial allocation to the Malaysia External Trade Development Corp, Malaysian Investment Development Authority and SME Corp would encourage more local businesses to venture into the global market, he told reporters after meeting a trade delegation from Shenzhen, China, at Kota Iskandar.

“The Government has also allocated RM1bil to help industries here automate further to boost their productivity,” he added.

Tee said Iskandar Malaysia would continue to attract more domestic and foreign investments into south Johor.

“When Iskandar Malaysia was launched on Nov 4, 2006, many people were sceptical but now they can see it progressing and moving in the right direction,” he said.

Tee rubbished claims that Johor was focusing only on investments from China, adding that over the last few months, he had met trade delegations from Australia, Britain, Japan, South Korea, the United States and Vietnam.