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One the move
Left: Johor’s two ports have a vital role to
play. Right: The Johor Bahru Central Business
District - the southern gateway to Malaysia
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A magnet
for foreign investment with ambitions to rival neighbours
The first
state to launch one of the new economic development
corridors, Johor has become a hub of investment and
growth
One of the largest and most
developed states in Malaysia, Johor is going places
fast with plans to become one of the most important
strategic hubs in the whole of southeast Asia. Located
at the southern end of Peninsular Malaysia, it sits
close to Singapore, but boasts land aplenty and natural
resources that its more famous rival can only dream
of.
Johor was chosen by the federal
government to be the first Malaysian state to launch
one of several new economic development corridors.
The Iskandar Development Region (IDR, see below) foresees
a large area of Johor being transformed into a giant
business and industrial hub and eco-tourism centre,
just a stones throw from Singapore.
In terms of generating investments,
Johor has become one of the most successful states
in Malaysia, for the last three years or so being
the main recipient of foreign direct investment in
terms of manufacturing and services. Between January
and August last year it accepted 125 projects worth
more than RM7 billion most of it foreign investment.
Southern Johor is a natural area for growth,
says Abdul Ghani Othman, Johors Chief Minister.
We account for almost a third of the investment
flow into Malaysia.
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| Abdul Ghani Othman Chief
Minister of Johor |
With a population of 2.7 million,
Johors economy is strong, driven by activity
within the IDR, as well as by key industries such
as palm oil, fruit and vegetables and food production.
The state is the nations top producer of bananas,
rubber and pineapples.
Services and other more advanced
industries are expanding as the IDR takes off. ICT
is one area that is growing swiftly, with the development
of a cyberport and cybercity part of a plan to position
Johor as one of the top multimedia super corridor
sites in the country. Other industries that have stirred
interest among investors include biotechnology and
a shift to higher value organic food production.
Around the state capital,
Johor Bahru, and other major towns, industrial estates
produce electronic components, appliances, furniture,
textiles and petrochemical products for local consumption
and for export. A new administrative capital for the
state is being built at Nusajaya.
Tourism is another area that
the authorities are keen to promote. The state received
a record 15.5 million tourists between January and
August last year, an increase of almost 20 per cent
on the same period in 2006.
Johor offers traditional villages,
beautiful waterfalls and a breathtaking national park
in Endau-Rompin. With a number of quiet golf resorts
and picturesque beaches, it is the perfect antidote
to its hectic neighbour for those looking to unwind.
Kota Tinggi is a venue for some of these resorts,
just 30 miles north-east of Singapore. The area attracts
scores of visitors looking to catch a glimpse of fireflies
in their thousands lighting up the night sky.
Johor has a rich history too.
The word Johor is derived from the Arabic word Jauhar
literally precious stones
highlighting the influence of the early Arab traders
who traded spices in the area. The countrys
first links with Portuguese colonists centuries ago
can also be seen in some of the local architecture.