Johor Maju Agenda Strengthens On Back Of State's Outstanding 2024 Economic Performance
JOHOR BAHRU, July 2 (Bernama) -- Johor’s success in recording the highest gross domestic product (GDP) growth in the country last year strengthens the implementation of the Johor Maju Agenda, which targets GDP growth of between seven and eight per cent annually for the state by the year 2030.
Johor Menteri Besar Datuk Onn Hafiz Ghazi stated that, hence, the focus will be on investor-friendly policies, the development of modern infrastructure, and efforts to empower the people’s economy, to make Johor a prosperous, sustainable, and inclusive state.
"Johor has emerged as the state with the highest growth rate in 2024 at 6.4 per cent, surpassing the national growth rate, with Johor's GDP now reaching RM158 billion. My highest appreciation goes to all parties who have worked together to make this effort a success.
“May this achievement serve as a catalyst for Johor to continue advancing as an international investment hub, driving national economic growth and ensuring a brighter future for all, God willing," he said in a post on Facebook today.
Onn Hafiz said the achievement was also driven by the growing role of the Johor–Singapore Special Economic Zone (JS-SEZ), which is increasingly prominent as a regional investment hub. Johor’s strategic location, strong infrastructure network, world-class ports, and vast industrial zones provide competitive advantages that boost investor confidence.
"We extend our deepest gratitude to the Regent of Johor, Tunku Mahkota Ismail, who has continuously provided support, advice, and guidance to ensure the state’s economic development continues to progress for the advancement and wellbeing of the people of Johor," he added.
The 2024 GDP by State Report, published by the Department of Statistics Malaysia (DOSM) yesterday, recorded Johor as the state with the highest growth rate at 6.4 per cent, surpassing the national average of 5.1 per cent. This growth was driven by rapid advances in the services, construction, and manufacturing sectors, propelled by the development of data centres, digital infrastructure, and a competitive industrial ecosystem.
Johor also remained the main contributor to the country’s agricultural GDP, accounting for 17.3 per cent, driven by increased production of palm oil and growth in the food processing and vegetable oil subsectors.
-- BERNAMA