ISKANDAR PUTERI: Johor has received yet another foreign direct investment (FDI) from the United States.
Technology-based LEAF group, through Leaf Malaysia OpCo Sdn Bhd, is set to invest up to RM600 million in a factory on 8.09 hectares of land in Pelabuhan Darat, Segamat.
The factory that will cater towards the biotechnology procession and green technology segments, will be fully completed in 2021.
The investment would see the creation of 60 new employment opportunities in Segamat, Johor.
“LEAF Malaysia’s decision to invest in Segamat, Johor is an ideal choice given the state’s position as one the main revenue contributor to the country,” said state tourism, trade and consumerism committee chairman Datuk Tee Siew Kiong.
“Segamat is also an ideal choice given the the large scale farming that are already there, the potential for biomass technology and other myriad green technology related economic endeavours.”
“Segamat is also very rich with natural resources and it is one the areas that are being developed by the Malaysian Investment Development Authority (MIDA) through several initiatives,” he said at the during the signing ceremony for LEAF Malaysia’s investment into Johor.
Tee added that according to 2017’s FDI figures, the US was the third largest foreign investor into the state of Johor with RM719.7 in total investments, primarily in biotechnology and chemicals.Source: New Straits TImes