Johor’s investment mission to Shanghai attracts 36 global firms with RM10 billion in initial commitments for JS-SEZ.
ISKANDAR PUTERI: The Johor state government’s recent investment mission to Shanghai, China, successfully attracted the interest of 36 international companies, with potential initial investment commitments estimated to reach RM10 billion, a clear sign of confidence in the Johor-Singapore Special Economic Zone (JS-SEZ).
Johor State Investment, Trade, Consumer Affairs, and Human Resources Committee chairman Lee Ting Han said that the investment commitments are focused on strategic sectors such as electrical and electronics, battery technology, aerospace, automotive and high-tech manufacturing.
He said the strategic engagement session was held with more than 150 high-potential investors, including company owners and top-level decision-makers.
“This matter simultaneously reflects the continued confidence of global investors in the competitiveness of the state, despite global economic uncertainties,” he said during the question-and-answer session at the Johor State Assembly (DUN) sitting here today.
He was responding to Chen Kah Eng’s (DAP-Stulang) question regarding the findings of the delegation to Shanghai in early April.
Lee said the delegation, led by Menteri Besar Datuk Onn Hafiz Ghazi, also held in-depth face-to-face discussions with several key industry players and supplier networks in Shanghai to strengthen investment potential and supply chain development in Johor.
Among the companies involved are SICC Shanghai Co Ltd, Longda Superalloy Co Ltd, and GSP Automotive Group.
He said the move aligns with the state’s strategy to develop an integrated industrial cluster involving the aerospace, semiconductor, and advanced manufacturing sectors, thereby strengthening Johor’s position in the global value chain.
According to him, the state government is also collaborating with major financial institutions including Malayan Banking Bhd, AmBank Group, United Overseas Bank Ltd, Oversea-Chinese Banking Corporation Ltd, China Construction Bank, and Industrial and Commercial Bank of China, to expand access to their network of investors in China and the region.
