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Johor top state for FDI inflow with RM70.6bil in 2022

/ News / By WTI Admin

JOHOR BARU: Johor attracted the most foreign direct investment (FDI) in the country, a whopping RM70.6bil, last year.

This is a huge improvement over RM6.8bil in 2020 and RM7bil in 2021, said Mentri Besar Datuk Onn Hafiz Ghazi.

“These investments will in turn create more than 12,000 jobs and business opportunities for the people of Johor and Malaysia in general,” he said in a Facebook post on Thursday (March 9).

He thanked International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and state investment, trade and consumer affairs committee chairman Lee Ting Han for helping to realise the state’s objective of attracting more high-value investment.

ALSO READ: Malaysia attracts RM264.6bil approved investments in 2022, 2nd largest ever recorded: Tengku Zafrul (https://www.thestar.com.my/business/business-news/2023/03/08/malaysia-attracts-rm2646bil-approved-investments-in-2022-2nd-largest-ever-recorded-tengku-zafrul)

Onn Hafiz also thanked Malaysian Investment Development Authority (Mida), Invest Johor and other state and federal agencies that provided support to the Johor government.

“God willing, the state government will be with the Federal Government to continue taking steps to develop Johor,” he added.

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