ISKANDAR PUTERI: Johor will benefit immensely from the multibillion ringgit mega projects to be implemented and completed in the state within the next five to 10 years.
State Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong said the projects would assist Johor in developing, positioning and transforming the state as a new economic power house in the region.
“The next decade will propel Johor in terms of development, progress and economic growth,” he said after the groundbreaking ceremony of Sunway Iskandar Xtreme Park @ Medini here.
Tee said among the notable projects were the Gemas-Johor Baru electrified double-tracking railway system, the High Speed Rail (HSR), the Rapid Transit System (RTS) and Iskandar Malaysia Bus Rapid Transit (BRT) system.
He said the transport-related projects upon their completion, would improve connectivity and accessibility in Johor.
Tee said the double-tracking system, HSR, RTS and BRT would be the game changers and boost economic activities in Johor.
“Improvement in connectivity and accessibility will attract more visitors, businessmen and investors to Johor,” he said.
Tee said interest in Johor from domestic and foreign investors remained strong despite uncertainties and challenges in the global economic growth.
He said Johor had already established itself as the manufacturing hub in the southern region and needed to take it to the next level.
Tee said the state did not depend on a particular economic sector such as manufacturing and had for the past decade, diversified its economic portfolio and went for value-added investments.
“Johor recorded the highest investment in the manufacturing sector in the recent years and this had given a boost to its position as the most preferred investment destination in the country,” he said.
Tee said statistics from the Malaysian Investment Development Authority showed that Johor had attracted RM93bil in investments in the manufacturing sector, the highest in the country from 2013 until 2016, creating about 650,000 job opportunities.
He added that the progress and development in Iskandar Malaysia since its inception on Nov 4, 2006, was a testimony that the country’s first economic growth was moving in the right direction.Source: The Star Online