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Johor receives RM16.71bil investments through cutting red tape, says MB Onn Hafiz
Johor receives RM16.71bil investments through cutting red tape, says MB Onn Hafiz

The Star

time12 hours ago

  • Business
  • The Star

Johor receives RM16.71bil investments through cutting red tape, says MB Onn Hafiz

ISKANDAR PUTERI: The Invest Malaysia Facilitation Centre Johor (IMFCJ) has received more than 400 enquiries, including six confirmed investments, within just five months, says Johor Mentri Besar Datuk Onn Hafiz Ghazi. He said the IMFCJ, along with the Johor Super Lane (JSL) initiative, is transforming how investments are executed in the state by offering fast-track approvals for priority projects and eliminating unnecessary bureaucracy. 'The IMFCJ is more than a one-stop centre, it is a fully integrated federal-state facilitation platform, the first of its kind, and it is already delivering results. 'In just five months, we have received 439 enquiries, including 57 potential investments valued at RM26.18bil, and six committed investments amounting to RM16.71bil,' he said. He said this in his speech during the closing ceremony of the Nikkei Forum here on Thursday (June 19). Also present at the event here was Prime Minister Datuk Seri Anwar Ibrahim. Onn Hafiz added that the initiatives offer expedited approval processes for priority investments, significantly cutting down red tape and shortening timelines. 'The processing time has been reduced from three months to as little as one to 35 days. 'This is real efficiency. This is smart governance and this is how Johor is redefining investment facilitation,' he said. Onn Hafiz also said the sharp increase in investments this year compared to last year reflects investors' growing confidence in the state. 'Johor recorded RM30.1bil in investments in the first quarter of 2025, a significant leap from RM4.1bil during the same period last year. 'It took us nine months to reach that figure last year. This year, we achieved it in just three months. 'This reflects the trust that both domestic and international investors place in Johor. They see the state's potential, its stable environment, and the consistent spirit of progress that defines us,' he said. More to come

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