October 19, 2022
KUALA LUMPUR – Johor is expected to see an inflow of investments at least until the second quarter of next year, says executive councillor Lee Ting Han.
He said the state government is now in talks with about 20 companies that have expressed an interest in investing in Johor.
They include companies from the data centre, pharmaceutical and petro-chemical sectors.
“We are facilitating the entry of about 20 companies into Johor at the moment.
“These are companies that have been ha- ving discussions with Invest Johor and the Johor Malaysian Investment Development Authority (Mida).
“So, we do see an inflow of investments at least until the second quarter of next year and moving forward, it will really depend on the global economic situation,” said Lee, who is state investment, trade and consumer affairs committee chairman.
He said at least two data centre companies, from the United States and Australia, are expected to enter Johor this year.
“We will be launching a data centre in Kulai this week and we are also having engagements with two other data centres that are keen to enter Johor.
“We expect them to seal the deal by end of the year,” he told reporters after officiating at the opening ceremony of DHL Express Malaysia’s Johor Baru Gateway in Senai Airport City industrial park yesterday.
Lee said the announcement that Pengerang would be a special zone during the tabling of Budget 2023 has also attracted the attention of investors.
“We will start negotiations with the Finance Ministry and the International Trade and Industry Ministry after the general election.
“This is to find out what kind of incentives the Federal Government will put in place for Pengerang.
“Several companies from China, Taiwan and Japan have shown an interest in the area, following the tabling of Budget 2023.
“This really shows that there is a lot of interest for the Pengerang area, especially by the petro-chemical and chemical sectors,” he added.