RM70.6bil investments pouring into Johor

ISKANDAR PUTERI: The RM70.6bil worth of investments Johor received in 2022 was the highest in the last 10 years, says state investment, trade and consumer affairs committee chairman Lee Ting Han.

“From the investments the state received last year – the highest in the last decade at RM70.6bil – a total of RM58.7bil (83.26%) was foreign investments while RM11.8bil (16.74%) was domestic investments.

“The investment sector has been divided into three sectors – primary, manufacturing and services,” he said during yesterday’s state assembly sitting at Bangunan Sultan Ismail in Kota Iskandar here.

He was replying to a question by former Johor mentri besar Datuk Seri Hasni Mohammad (BN-Benut), who had asked about the type of new investments the state had received so far, with breakdowns by sector and total investment.

Lee said the investment value for the primary sector in 2022 was RM38.9mil (0.06%) while the manufacturing sector received RM14.5bil (20.65%).

“The services sector got the highest value of RM55.9bil (79.29%),” he said.

He added that the primary sector was divided into two sub-sectors – agriculture, and plantation and commodity.

The agriculture sub-sector took in RM33mil in investment value or 84.8% of the total investments in the primary sector, followed by the plantation and commodity at RM5.8mil (15.16%).

The manufacturing sector is divided into 18 sub-sectors – chemicals and chemical products, scientific and measurement equipment, electrical and electronics, and non-metallic mineral products among others.

“Five sub-sectors received the highest investment value in the manufacturing sector, namely chemicals and chemical products (RM5.2bil or 35.76%), scientific and measurement equipment (RM3.6bil or 25.08%), electrical and electronics (RM1.9bil or 13.45%), non-metallic mineral products (RM736mil or 5.05%), and textiles and textile products (RM432mil or 2.96%),” Lee said.

The services sector is divided into 10 sub-sectors including information and communication, utilities, real estate, distribution trade, and support services.

The five sub-sectors under it that received the highest investment value were information and communication (RM51bil or 91.26%), utilities (RM2.8bil or 5.11%), property (RM1.1bil or 2.01%), distribution trade (RM521mil or 0.93%), and support services (RM317mil or 0.57%).