JCorp Expects To Finalise First Investment Deal In Sri Lanka This Year

JOHOR BAHARU (Johor, Malaysia), March 31 (Bernama) -- Malaysia's Johor state-owned conglomerate, Johor Corp (JCorp), is expected to finalise its first investment deal in Sri Lanka later this year. President/Chief Executive, Kamaruzzaman Abu Kassim, said the investment would be in either healthcare or agriculture -- two potential sectors that they had been identified during a trade mission to the country recently. "We will start with a small-scale investment first. 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 when met by reporters here Thursday. Kamaruzzaman said Sri Lanka had the potentials to grow further based on the country's performance of late. On Wednesday, Johor's State Secretary 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 Chief Minister Mohamed Khaled Nordin. Also present was Ruler of Johor Sultan Ibrahim Sultan Iskandar. --BERNAMA