If the current trend of investment inflows and development pace will continue, Johor will become the richest state in Malaysia by 2025, surpassing Selangor, said Nazri Khan Vice-President and Retail Research Head at Affin Investment Bank.
This prediction is achievable as Iskandar Malaysia has already attracted 25 percent of the RM383 billion total investment targets for 2025, he noted.
Moreover, the economic growth brought to Johor by Khazanah Nasional Bhd is one of the government's initiatives to establish an economic hub outside the Klang Valley.
"We will see Johor transform into an Orlando in Florida and become Asia's Theme Park Hub with the presence of at least four theme parks in the state."
"They include Legoland Malaysia which opened recently, Puteri Harbour Family Entertainment Centre and Austin Heights Water Theme Park is due to open its doors soon. All these parks will provide ample jobs to our youths," he said.
Moreover, the 2012-2013 Economic Report recently released by the Finance Ministry revealed that job opportunities in Johor are expected to increase by 100 percent in the next five years as some projects come on stream. These include Urban and Resort Wellness, MSC Cyberport City and Pinewood Iskandar Malaysia Studios.
Meanwhile, Johor has become the latest trade focus in Malaysia thanks to the oil and gas project in Pengerang as well as other projects, said Skudai, Mohd Kassim Ali, a Restaurateur.
"Johor has become the focal point now as people from throughout the country are flocking to the state in search of high-paying jobs," he added.
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