Nation

Johor eyes US$190mil South Korean investment potential

JOHOR BARU: The Johor government has engaged in meetings with several major South Korean companies, aiming to bring potential investments worth US$190 million into the state.

Menteri Besar Datuk Onn Hafiz Ghazi, who is on a four-day working visit to Seoul beginning Oct 28, said the state government delegation, led by him, had the opportunity to meet with companies such as Hanwha Solutions Corporation, a Fortune Global 500 multinational known for innovations in clean energy and chemicals.

The delegation also met with global food company SPC Group, known for its Paris Baguette franchise, and CJ CheilJedang Group, a producer of halal Korean food in Malaysia, he said in a Facebook post yesterday.

Onn Hafiz said these potential investments would create high-income jobs and drive economic growth, benefiting the people of Johor.

"I believe these companies have confidence in Johor's potential as a strategic investment destination. Johor offers not only vast business opportunities but also a supportive ecosystem for long-term growth given its strategic location and ongoing government support," he said.

In a separate post, he mentioned the delegation's participation in a seminar on investment opportunities in Johor, particularly with regard to the Johor-Singapore Special Economic Zone (JS-SEZ).

The seminar, titled "Unlocking Regional Growth: Business Opportunities in JS-SEZ," saw participation from 83 prominent Korean companies across various sectors, serving as a strong platform to promote Johor as a prime investment destination.

"At the seminar, I outlined various strategic initiatives being implemented by the state government in collaboration with the Federal Government concerning the JS-SEZ development, aimed at attracting high-quality investments.

"We are making significant preparations to ensure the success of this agenda, including establishing the Invest Malaysia Facilitation Centre Johor (IMFC-J) as a 'one-facilitation centre' and forming the Johor Talent Development Council (JTDC)," he added.

Onn Hafiz also expressed confidence in Johor as a strategic springboard for Asean expansion due to its advantageous location, incentives offered by JS-SEZ, and access to global markets, making it ideal for long-term investments.– BERNAMA

Most Popular
Related Article
Says Stories