Johor second most attractive state to foreign investors

24 Nov 2015 / 17:37 H.

    NUSAJAYA: Johor attracted the second highest amount of foreign direct investment (FDI) among states in Malaysia last year after Sarawak at RM7.9 billion.
    Mentri Besar Datuk Seri Mohamed Khaled Nordin said for January-September period this year, Johor received RM2.3 billion in FDI.
    "From the Johor Investment Centre's (JSIC) records, the state's total FDIs from 2010 to 2014 amounted to RM29.5 billion," he said in reply to a question from Datuk Dr Shahruddin Md Salleh (BN-Jorak) at the state assembly today.
    He said Singapore was the top country investing in Johor at RM6.7 billion, which accounted for 22% of the total FDI, followed by the US (RM5.4 billion), Japan (RM4.6 billion), the Netherlands (RM3.1 billion) and China (RM1.37 billion). Other investors include Indonesia, South Korea, Germany, and India.
    More than 75,000 jobs have been created since 2010 through the FDI, resulting in Johor becoming one of the states having the lowest unemployment rate in the country, he added. – Bernama

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