Johor to be new economic powerhouse: Najib

Several mega projects underway in the state, including the multi-billion ringgit Forest City project, the High Speed Rail project between Singapore and Kuala Lumpur, the Double Tracking project between Gemas and Johor Baru and Pengerang oil and gas hub.
PHOTO: Country Garden

ISKANDAR PUTERI: Four mega projects in the state are expected to help propel the state into a new Malaysian economic powerhouse, said Prime Minister Datuk Seri Najib Tun Razak.

He pointed out that there were several mega projects underway in the state, including the multi-billion ringgit Forest City project, the High Speed Rail project between Singapore and Kuala Lumpur, the Double Tracking project between Gemas and Johor Baru and Pengerang oil and gas hub.

Najib said this in his speech during the launching of the Johor Strategic Economic Growth plan (PPSJ) and Iskandar Malaysia Comprehensive Development Plan ii (CDPii) at the Educity Indoor Stadium here.

He added that statistics showed Johor ranked the highest in the country last year with RM31.1bil investment in the manufacturing sector, which contributed 41.6 per cent of Malaysia's overall investment.

He also expressed confidence with the Iskandar Malaysia's growth as the growth corridor has brought in RM200bil in investments since its inception in 2006.

"I believe that Johor's future economy is in good hands with these projects which will certainly change the state into new economy powerhouse in the country," said Najib.

Related: Forest City to have duty-free islands, incentives to boost foreign ownership

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