PASIR GUDANG: The Johor government is upbeat about achieving an investment figure of more than RM20 billion this year, compared to RM14.4 billion in 2013.
State Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said the optimism is based on the steady increase of foreign investment to the state.
He said the state received investment totalling RM18.7 billion in the first seventh months of the year.
Tee revealed that there is a foreign multinational company that is showing keen interest in investing in Johor.
"Talks with the international company is now in its final phase, and the state government is confident the investment worth about RM6 billion will soon pour into the Sedenak Industrial Park in Kulai.
"Based on the new development, the state government is confident the total investment this year will reach more than RM20 billion, and this will propel Johor as the highest investment state in the country.
"We found that the manufacturing sector is a strong contributor to the economic development of Johor, contributing nearly 35 per cent to the Gross Domestic Product of the state," he said after opening the Langsat Bitumen Terminal in Tanjung Langsat here today.
Source: http://www.nst.com.my/node/50197
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