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Johor to reap $21b in investments amid US-China trade tensions
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Lower land cost in Johor compared to Penang and Selangor also lures investors to set up operations in the southern state.
ST PHOTO: ALPHONSUS CHERN
KUALA LUMPUR – The US-China trade war is providing tailwinds for Malaysia’s southern state of Johor, as it is set to record approved investments worth nearly RM70 billion (S$21.1 billion) for 2022, surpassing the leading industrial hubs of Selangor and Penang.
These investments are primarily from multinational companies seeking to diversify their operations to other countries as they adopt a China-plus-one strategy amid the trade war, said Johor’s State Investment, Trade and Consumer Affairs Committee chairman, Mr Lee Ting Han.
