Johor draws RM70.6 bil in investments in 2022

ISKANDAR PUTERI – Johor received a total of RM70.6 billion in investments last year, the Johor assembly sitting was told today.

State Investment, Trade, and Consumer Affairs Committee chairman Lee Ting Han (Paloh-BN) said of the total amount, RM58.8 billion, or 83.3%, was foreign investments, while RM11.8 billion, or 16.7%, was domestic investments.

“This amount indicates that Johor received a drastic increase and the most investments in the past decade.

“Throughout last year, the state also received 570 investment projects with a total of 16,762 job opportunities created,” he said when responding to an oral question from Datuk Seri Hasni Mohammad (Benut-BN) at the state assembly in Kota Iskandar here.

Lee said that the investments were divided into three categories, namely the primary, manufacturing, and services sectors.

“The investment value for the primary sector last year was RM38.9 million or 0.1%, while the manufacturing sector received RM14.5 billion or 20.6% and the services sector managed to receive the highest investment value of RM55.9 billion or 79.3%.

“The three sectors are also divided into various sub-sectors. The primary sector is divided into two sub-sectors, namely the agricultural sector which received RM33 million worth of investment, followed by the plantation and commodity sector which received RM5.9 million,” he said.

Lee said the manufacturing sector was divided into 18 sub-sectors with five sub-sectors receiving the highest investment value, namely, chemicals and chemical products (RM5.2 billion), scientific equipment and measurement (RM3.6 billion), electrical and electronics (RM1.9 billion), non-metallic mineral products (RM736 million), and textile products (RM432 million).

The services sector was divided into 10 sub-sectors, with five sub-sectors drawing the highest investment value, namely information and communication (RM51 billion), utilities (RM2.8 billion), real estate (RM1.1 billion), distribution trade (RM521 million), and support services (RM317 million), he said. – The Vibes, March 21, 2023