Johor state-owned conglomerate, Johor Corp (JCorp), is expected to finalise its first investment deal in Sri Lanka later this year.
President/chief executive, Datuk Kamaruzzaman Abu Kassim, said the investment would be in either healthcare or agriculture – two potential sectors that had been identified during a trade mission to the country recently.
“We will start with a small-scale investment.
“We have not yet decided which sector (of the two) to begin with our venture in Sri Lanka but we will make an announcement when the time comes,” he said.
He said this when met by reporters after Al’Aqar Healthcare REIT and As-Salam REIT’s AGMs here yesterday.
Kamaruzzaman said Sri Lanka had the potential to grow based on the country’s performance of late.
Johor’s state secretary Datuk Ismail Karim was reported as saying that the state government, via JCorp, was considering to invest in Sri Lanka, following a four-day trade mission to the country recently.
The mission was organised by the Johor state government and led by Mentri Besar Datuk Seri Mohamed Khaled Nordin.
Also present was Sultan of Johor Sultan Ibrahim Sultan Iskandar.
-Agency