Exco member says, Johor needs to tap new economic sectors to attract investments

By TIN Media | Johor Published 2 years ago on 14 November 2019
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State exco member said Johor needs to diversify its economic activities by exploring and tapping in new economic sectors.

Johor International Trade, Investment and Utility Committee chairman Jimmy Puah Wee Tse said "We need to put in more effort and work even harder to continue attracting new investors to Johor," at a press conference after the launch of the Johor Convention and Exhibition Bureau (JCEB) at a hotel here today (Nov 14).

He said that it was becoming more challenging to attract new investments into the state. He said there were many uncertainties in the global economic landscape and this had affected not only Malaysia but other countries, too. He added saying that the situation was further fuelled with the ongoing trade war between China and the United States, and now the trade war has already sharpened between Japan and South Korea.

Puah said "We foresee good growth prospects and opportunities in the service sector, and new and emerging technologies," said Puah.

He said the setting up of the JCEB is to tap the potential in the meetings, incentives, conventions and exhibitions (MICE) segment.

He added, "MICE is a big market and statistics showed delegates attending business-related event spent double of what normal tourists do,".

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