logo
#

Latest news with #RM162.2

Johor secures RM162bil in investments, created 53,000 jobs in three years
Johor secures RM162bil in investments, created 53,000 jobs in three years

New Straits Times

time9 hours ago

  • Business
  • New Straits Times

Johor secures RM162bil in investments, created 53,000 jobs in three years

ISKANDAR PUTERI: Johor attracted over RM162.2 billion in investments across 1,761 projects from 2022 to 2024, generating 53,764 direct job opportunities, said State Investment, Trade and Consumer Affairs Committee chairman Lee Ting Han. Lee said the jobs were created progressively over three years - 16,762 in 2022, 19,053 in 2023, and 17,949 in 2024, which represented roles within the investment sector alone. "These figures excluded employment generated in construction, logistics, business services and retail," he said during the recent state assembly siting. Lee said Johor is focussed on securing high-value, high-skill investments in sectors such as semiconductors, petrochemicals and data centres. "Global tech giants like Microsoft and ByteDance have anchored Johor as Malaysia's largest data centre hub, opening doors to skilled ICT jobs," he said. Johor has also seen rising investment in tech manufacturing, with firms like Wiwynn and Supermicro setting up facilities to meet the data centre supply chain, creating roles in R&D, engineering and project management. Lee added that spillover effects from major investments and high-impact projects were also driving demand in related sectors such as banking, auditing, logistics and consulting. "For instance, Mercedes-Benz has established a regional logistics hub in Senai, not only creating logistics jobs, but also boosting support services like warehousing and transport," he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store