Great News from Johor Bahru

Johor attracted RM86bil in investments from 2010 to 2015 – Business News | The Star Online

Johor attracted RM86bil in investments from 2010 to 2015 – Business News | The Star Online

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JOHOR BARU: Johor remains the top destination in the country in the manufacturing sector receiving almost RM86.3bil in investments from 2010 until 2015, said Mentri Besar Datuk Mohamed Khaled Nordin.

JOHOR BARU: Johor remains the top destination in the country in the manufacturing sector receiving almost RM86.3bil in investments from 2010 until 2015, said Mentri Besar Datuk Mohamed Khaled Nordin.

He revealed that in the past six years, the southernmost state in the peninsula recorded the highest investment figures in Malaysia leaving Selangor and Penang far behind.

Mohamed Khaled said Iskandar Malaysia had from Nov 4, 2006 until to date recorded RM208bil in total cumulative committed investments including from the service sector of which 51% have been realised.

Statistics from the Malaysian Investment Development Authority showed Johor had in 2013, received RM14.4bil investment in the manufacturing sector and the figure went up to RM21.1bil in 2014 and RM30bil in 2015.

He said Johor also recorded a steady growth in the growth domestic product (GDP) on average growth point at 6.1% from 2011 until 2014 compared with 5.4% at the national level.

“We should be proud of it, as Johor’s economic growth is one of the best among the states in Malaysia,’’ Mohamed Khaled said during the state assembly sitting at Kota Iskandar here.

He said from 2013 until 2015, Johor had recorded a surplus in state financial management with RM1.54bil in 2019 or 25% more from the estimated figure of RM1.23bil and until Dec 31, 2015, the reserve stood at RM2.63bil.

Mohamed Khaled said the atest report by the National Statistics Department showed the household monthly income of the middle income in Johor had jumped by 42.3% from RM3,650 in 2012 to RM5,197 in 2014.

“This is the second highest growth at the national level and in general, the growth in the state’s economy also help boost the earnings of Johoreans,’’ he added.

Mohamed Khaled pointed out the Johor Tourism Masterplan launched on June 2014 had witnessed the increase in number of tourist arrivals from 6.42 million to 6.95 million in 2015.

He said the influx of domestic and foreign investors from 2011 until 2015 from Johor, had created some 125,300 new job opportunities in several sectors.

“The manufacturing sector alone provided over 20,000 new job opportunities of which 92% are for semi-skilled and skilled workers,’’ said Mohamed Khaled.

He added this had contributed to a hike in average salary for workers in Johor to RM1,900 per person in 2015, which was the second highest in the country after Klang Valley.

TAGS / KEYWORDS:Economy , Corporate News , Investing , Johor , Investment

Source: Johor attracted RM86bil in investments from 2010 to 2015 – Business News | The Star Online

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