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Johor Secures US$190M Investment Potential from South Korean Companies

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INVESTMENT,SOUTH KOREA,JOHOR

Johor, Malaysia, has secured over US$190 million in investment potential from South Korean companies in sectors like clean energy, chemicals, and the halal food industry. The state will also develop four water treatment plants to meet demands from data centers.

Johor to develop four new water treatment plants in Kulai, JB and Pontian to meet data centre demands, state assembly toldJohor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han said the South Korean companies have shown interest in investing in sectors such as clean energy, chemicals and the halal food industry in the state, November 27, 2024.

“For example, Hanwha Solutions Corporation is known for its innovation in clean energy and chemical sectors, while SPC Group is a global food company that leads the market with famous brands such as Paris Baguette,” he said at the Johor state legislative assembly session in Kota Iskandar here today. He pointed out that the two locations are very strategic and includes infrastructure as well as support facilities for the chemical and petrochemical industries.

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