The master plan should drive the investment program
THE state government is poised to generate more investment under the Johor 2030 investment master plan which is expected to be completed by the end of the year.
The chairman of the committee on state investment, cooperatives, entrepreneurship development and human resources, Datuk Mohd Izhar Ahmad, said the plan will form the basis of the investment program for the next 10 years.
âThe plan is a comprehensive reference document that will guide Johor’s investment program for the next decade.
âThis is an important document, especially for the post-Covid-19 era. We hope the plan will be ready by the end of the year, âhe said.
Mohd Izhar was responding to questions from Tan Chen Choon (PH-Jementah) and Jimmy Puah Wee Tse (PH-Bukit Batu) on the state government’s efforts to help Johor investors affected by the Covid-19 pandemic.
He added that the state government has implemented various initiatives to maintain existing investments, including helping those affected by the pandemic.
âWe have led a variety of initiatives and will continue to do so to ensure that Johor continues to be known as an attractive investment destination and investor friendly state.
âSome of the initiatives we have taken include working with various professional associations to gather feedback and understand their concerns regarding the issues they face in the midst of the Covid-19 pandemic,â he said.
Mohd Izhar noted that based on a report by the Malaysian Investment Development Authority (Mida), Johor recorded total investments of RM 6.56 billion in the first six months of this year alone.
âInvestments come from manufacturing and service industries as well as key sectors. It is expected to be able to provide 7,860 job opportunities in the state, âhe said.
âMeanwhile, RM 2.78 billion of investments, including RM 51.76 million of foreign investments, comes from the service sector. This created 757 jobs.
âThe remaining 109,200 RM is from key sectors, which only include domestic investments,â he said. When tabling the Johor 2022 budget on November 18, Mentri Besar Datuk Hasni Mohammad said that the Johor 2030 investment master plan would soon be launched to guide efforts to make the state the leading investment destination in South East Asia.