FOREIGN direct investment (FDI) continues to drive Johor’s economic momentum, accounting for around 80 per cent of the RM23 billion in proposed investments recorded in April, according to state officials.
Bernama cited the Chairman of Johor’s investment, trade, consumer affairs and human resources committee, Lee Ting Han, said the state had seen consistently strong investment interest from abroad, following a first quarter in which nearly 90 per cent of RM27.4 billion in new investments also came from FDI.
“The main sources of investment in Johor at the moment are certainly Singapore, China and Japan,” Lee told reporters during a commissioning ceremony for Ferrotec Power Semiconductor Malaysia Sdn Bhd’s new factory.
He added that most of the investments were concentrated in the Johor-Singapore Special Economic Zone (JS-SEZ), spanning key growth sectors such as petrochemicals, advanced manufacturing, and data centres.
The event, marking the completion of the Ferrotec facility, was officiated by Johor Menteri Besar Datuk Onn Hafiz Ghazi.
Lee also emphasised the state government’s efforts to enhance domestic investment by fostering partnerships between local firms and multinational corporations.
“Any local companies that are interested can be matched with MNCs entering Johor to further strengthen domestic participation,” he said.
An example given was Ferrotec Power Semiconductor Malaysia, which is a subsidiary of Jiangsu Ferrotec Semiconductor Technology Co Ltd, based in China. The company has invested approximately RM650 million in its Johor plant, which will focus on the production of ceramic substrates used in power semiconductor modules.
Once operating at full capacity, the factory is expected to generate annual output valued between RM658 million and RM878 million. - April 24, 2025
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