REFUTING ALLEGATIONS THAT THE FOREST CITY PROJECT IS A FAILED PROJECT

I would like to refute allegations viral on social media that the Forest City Project is a failed project. This is not true and is mere slander spread by certain parties.

Forest City is a project that is being developed sustainably and continuously. This project has already contributed RM630 million to the Johor State Government in form of taxes, dividends dan such. This project has also created job opportunities for 1,200 local residents and awarded contracts worth RM1.4billion to 150 domestic contractors.

This has opened doors to develop the construction industry in Johor on the long term. At the end of last month, Forest City also received the Global Model of Low-Carbon City Planning and Design Award from the Sustainable Cities and Human Settlements Award (SCAHSA). This indicates that the project has not failed, instead it has attracted attention on the international stage with its technical advancement.

Challenges were also faced due to the Covid-19 pandemic that not only affected Johor, but the rest of the world too. The unencouraging economic situation also resulted in a lower rate of sales. It must also be noted that inconsistent Federal Government policies has affected the faith of investors towards our country.

I hope that with more stable policies in the future and when the economic situation improves, more investors will come to this country and invest here.

HRH Major General Tunku Ismail Ibni Sultan Ibrahim, Crown Prince of Johor