JOHOR BARU: Johor has scored another major success in netting foreign direct investment by securing a deal with several Japanese corporations valued at nearly RM2 billion.
The deal, struck during Menteri Besar Datuk Seri Mohamed Khaled Nordin’s current working visit to Japan, has cemented the state’s status as a leading hub for foreign investment.
Specific details are pending, but it is learnt that the deal involves four prominent players from Japan investing in the Tanjung Langsat Industrial Park in Pasir Gudang.
In a press statement today, Khaled said the state conglomerate Johor Corporation’s (JCorp) credibility won the investors' confidence.
"The investment will boost the state's economy and create job opportunities here," he said after meeting the investors in Tokyo.
The delegation led by Khaled includes Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud and JCorp president and chief executive officer Datuk Kamaruzzaman Abu Kassim.
Kamaruzzaman said the investment will involve the plastic engineering, chemical and polymer engineering sectors, which are both strategic for the development of Johor.
"The investment proves that JCorp's work and commitment is recognised by major investors.
"As a state conglomerate, JCorp will continue its commitment to attract more foreign investments to make Johor the new economic power in the country," Kamaruzzaman added.