Malaysia and Singapore to widen JS-SEZ to third-country investors as DPM Gan Kim Yong says cooperation will extend beyond bilateral ties
MALAYSIA/SINGAPORE: Malaysia and Singapore are exploring ways to attract investors from third countries into the Johor-Singapore Special Economic Zone (JS-SEZ), expanding the zone’s ambition beyond a bilateral investment initiative into making it a regional hub for international capital and export facilitation. According to Invest Johor, citing The Edge Malaysia, Singapore Deputy Prime Minister…
Malaysia and Singapore are contemplating measures to entice overseas investors into the Johor-Singapore Special Economic Zone (JS-SEZ). The expansion of the JS-SEZ's reach transcends bilateral investment ties to positioning it as a regional focal point for global capital and trade facilitation. Singapore's Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, disclosed this ambition in a keynote address during a business luncheon with the Malaysia-Singapore Business Council while in Malaysia for a working visit.
Gan emphasized the significance of this bilateral collaboration between the two nations and Johor and Singapore, hinting at forthcoming initiatives to bolster their partnership. Singapore has already committed S$5.5 billion towards the JS-SEZ, with the Minister for Investment, Trade and Industry, Datuk Seri Johari Abdul Ghani, confirming numerous high-value employment opportunities in advanced manufacturing, data centers, energy technology, and solar energy.
Gan also addressed Singapore's aspirations as it assumes the ASEAN chairmanship next year, highlighting plans for digital cooperation projects post the adoption of the ASEAN Digital Economy Framework Agreement, with the hope of its signing and implementation within the year.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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