Business

Foreign investment in Johor unaffected by new Covid-19 cases

China, Singapore and India maintain interest, but face-to-face meetings are not possible right now

Updated 5 years ago · Published on 10 Oct 2020 3:30PM

Foreign investment in Johor unaffected by new Covid-19 cases
Johor investment, entrepreneurship development, cooperatives and human resource committee chairman Mohd Izhar Ahmad is confident foreign investment will remain strong. – Bernama pic, October 10, 2020

JOHOR BARU – The recent resurgence of Covid-19 in Johor has not affected foreign investments in various projects, according to the state investment, entrepreneurship development, cooperatives and human resource committee chairman Mohd Izhar Ahmad.

He said more than 10 investors had expressed their intention and interest to return and invest in the state.

According to him, investments from China, Singapore and Indonesia are in the manufacturing and high technology sectors, among others.

“We are only waiting for the borders to reopen as we need to interact with them face-to-face. Up to now, they are still keen to invest,” he told a media conference after officiating the Koperasi Permodalan Melayu Negeri Johor Bhd (KPMNJ) representatives’ 25th general meeting today.

He added that although the size of the investments was not yet known, the state government would ensure locals would be given priority to fill the job vacancies, especially for the important jobs. – Bernama, October 10, 2020

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