Johor records RM10.6bil approved investments in Q1

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Johor records RM10.6bil approved investments in Q1 FMTNews FMTBusiness

Johor menteri besar Onn Hafiz Ghazi said the state recorded RM10.6 billion in approved investments for the first quarter of 2023.

The three-fold increase compared to RM3.2 billion recorded in the same quarter last year was a commendable achievement for the Johor people. “The confidence of investors in choosing Johor as their preferred destination will enable the realisation of our aspiration to transform Johor into a developed state by 2030, God-willing,” he said in a post on Facebook yesterday.

During an official visit to Singapore in February, Onn had said that Johor has the potential to draw investments of around RM10 billion to RM15 billion from several international companies based in the republic.

 

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