Urgent.News

What's breaking now, across thousands of outlets.

World

JS-SEZ catat RM88.83 bilion pelaburan diluluskan

Menteri Ekonomi, Akmal Nasrullah Mohd Nasir berkata 45% daripada jumlah pelaburan yang diluluskan itu bernilai RM40.30 bilion telah direalisasikan.

JS-SEZ catat RM88.83 bilion pelaburan diluluskan

The Johor-Singapore Special Economic Zone (JS-SEZ) has announced the approval of RM88.83 billion in investments between January 2025 and June 2026. This potential investment could create 28,755 job opportunities, said Malaysian Economy Minister Akmal Nasrullah Mohd Nasir. Of the total approved investment, 45% or RM40.30 billion has been realized, involving projects expected to generate 12,796 jobs.

"While there is great potential, the real challenge and commitment from both nations is to realize this prospect to generate good outcomes," he emphasized. The JS-SEZ meeting, held in conjunction with the inaugural Joint Committee on Johor-Singapore Cooperation (JSCMC) meeting, was attended by Malaysian Development Minister Onn Hafiz Ghazi.

The JS-SEZ strategic cooperation between the two countries aims to strengthen bilateral collaboration, enhance synchronization, and monitor key initiatives under the JS-SEZ. A Joint Ministerial Committee, comprising Malaysia's Finance Minister and Singapore's Economic Development Minister, was established under the JS-SEZ JSCMC, with Malaysia represented by the Finance Minister and Singapore by the Economic Development Minister.

Both nations agreed to launch a joint investment forum in the first quarter of 2027. The master plan for JS-SEZ, set to be launched by Malaysian Prime Minister Anwar Ibrahim and Singaporean Prime Minister Lawrence Wong in December 2026, is expected to bring even better prospects for the zone in the near future. With the master plan, the momentum for 2027 is expected to be higher in terms of commitment from both nations.

Chee Hong Tat, Singapore's Economic Development Minister, stated that the master plan will showcase short-term and long-term visions for the JS-SEZ, requiring close cooperation among various agencies in both countries to strengthen collaboration and monitor specific initiatives, including human and capital skill development, transportation facilitation, trade, and investment promotion, and improved connectivity.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at freemalaysiatoday.com →

More in World

More from Monday 2 November →