Johor’s efforts to highlight its opportunities for investment outside of the state’s well established construction and real estate industries will be mapped out in a forthcoming report on Malaysia by the global research and consultancy firm Oxford Business Group (OBG).
The Report: Malaysia 2017 will shine a spotlight on the segments of the state’s economy that are expected to drive sustainable growth in the coming decade, which include logistics, tourism, healthcare, education, creative industries and petrochemical and oil and gas.
Areas of focus will include the development of tourism niches, including sports, which is being driven by the Fastrack Iskandar project. Dubbed Asia’s premier motorsports city, it is set to contain a circuit capable of hosting Formula 1 racing events. There are also plans to build the Sultan Ibrahim Larkin Stadium, the new stadium of Johor Darul Ta’zim Football Club, as well as the Lee Chong Wei International Sports City, which will have an international class sports arena and blend sports and lifestyle.
There will also be detailed analysis of the latest developments in PETRONAS’s Refinery and Petrochemical Integrated Development project, sited at the Pengerang Integrated Petroleum Complex. With an anticipated processing capacity of 300,000 barrels per day, the refinery is set to play a key role in Johor’s plans to carve a niche as a regional petrochemical hub.
OBG has appointed a new team to oversee its forthcoming analysis of Malaysia’s economy, which will once again include a chapter dedicated to Johor. Simone Goldsmith takes on the role of Country Director, while Tiago Coelho will be the Group’s Editorial Manager for The Report: Malaysia 2017.
With a background in media and communications, Goldsmith has worked in publishing and broadcasting across Africa, the Caribbean, Asia and Australia. She moves into her new role from Tanzania, where she contributed to OBG’s inaugural project on the country.
Coelho brings with him several years’ experience in international and economic affairs, having held positions in both the public and private sectors. He takes up this new post after being part of the editorial team that produced OBG’s 2017 report on Myanmar. Coelho holds a Master’s degree in international politics from the School of Oriental and African Studies in the UK.
Welcoming the new team on board, OBG’s Managing Director for Asia, Polina Virr, said that Johor remained an attractive destination for investors, having staved off the worst of the challenging global economic conditions with characteristic resilience.
“Now, under the guidelines of the Iskandar Comprehensive Development Plan 2006-2025, the state is laying the foundations for a more diverse economic base,” she said. “Given the growing role that Johor is playing in Malaysia’s economy and its position as an increasingly popular ASEAN trade hub, I’m confident that our team’s research on the state, led by Simone and Tiago, will be of great interest to business leaders eyeing the country’s investment opportunities.”
The Report: Malaysia 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking, energy and other sectoral developments. It will contain interviews with leading representatives across the sectors and will be available in print and online.
Oxford Business Group is a global research and consultancy company with a presence in over 35 countries, from Africa, Asia and the Middle East to the Americas.