JCorp succeeds in drawing RM1.2b capital investments

KUALA LUMPUR: Johor Corp (JCorp) has succeeded in drawing domestic and foreign capital investments of RM1.2 billion within a year to its 10 industrial areas. The areas covering 4,627.2ha are being developed to house factories for various industries.

The investments are in the Pasir Gudang, Tanjung Langsat, Taman Teknologi Johor, Tebrau (I&IV), Simpang Renggam II, Mengkibol, Pontian, Segamat II, Kluang and Senai industrial areas.

“All the investments came in from November 2011 to the end of October this year,” JCorp president and chief executive Kamaruzzaman Abu Kassim said in a statement yesterday.

He said JCorp is promoting the 283.2ha Sedenak industrial area which was recently developed into an international small and medium industry hub.

Kamaruzzaman said investors are focusing on the Tanjung Langsat Industrial Complex (TLIC) and using the logistics facilities at Tanjung Langsat Port (TLP) in the flagship D corridor development area of Iskandar Malaysia.

“We have succeeded to date in bringing in 60 investors who have invested RM16 billion in the TLIC involving 628ha,” he added.

Kamaruzzaman said of the 628ha, about 122ha will cater to oilfield services and equipment and the Tanjung Langsat industrial area is expected to attract new investments, particularly in the oil and gas industry.

“We have also identified the TLP as a dynamic and competitive port,” he said.

According to Kamaruzzaman, steps are being taken to enhance the existing infrastructure facilities at the TLP as a catalyst for the development of industries in the Tanjung Langsat industrial area. — Bernama