ISKANDAR PUTERI: Four mega projects will become the catalysts of Johor’s development, Prime Minister Najib Razak said today.
He named them as the Forest City property development, KL-Singapore high-speed rail, Gemas-JB double-tracking railway line, and the Pengerang Integrated Petroleum Complex.
“If these projects are blended with the development designed at state and district levels that we are launching today, I’m confident that the future of Johor is bright despite the uncertain economic scenario,” he said at Educity here.
Najib, who is also finance minister, on a working visit to Johor, launched the Johor Strategic Growth Plan and the Second Iskandar Malaysia Comprehensive Development Plan.
He commended the state government and the Iskandar Regional Development Authority’s initiative in formulating the plans.
“We need careful and comprehensive planning so that it can provide direction in developing the state in order for it to remain a major contributor to the country’s economic growth,” he said.
He said that figures from the Malaysian Investment Development Authority showed that Johor recorded the highest domestic direct investment in manufacturing, accounting for RM27.96 billion, while foreign direct investment was RM3.14 billion.
“These statistics show that Johor recorded the highest investment in the manufacturing sector in 2015, totalling RM31.1 billion or 41.6 per cent of the total investment in Malaysia,” he said.
Najib, who is also chairman of the Iskandar authority, commended it for its achievements. “From 2006 till February 2016, the cumulative investments recorded surpassed RM200 billion. This is a remarkable achievement, he said.