Singapore, Malaysia explore third-country investment in JS-SEZ
Malaysia and Singapore are collaborating to attract third-country investors to the Johor-Singapore Special Economic Zone. The initiative aims to boost regional trade and digital economy cooperation through the upcoming Asean Digital Economy Framework Agreement.
Why it matters
This partnership strengthens regional economic integration and provides a significant boost to Southeast Asia's manufacturing and digital infrastructure sectors.
KUALA LUMPUR, Oct 1 — Malaysia and Singapore are exploring ways to attract third-country investors to the Johor-Singapore Special Economic Zone (JS-SEZ), further strengthening the zone as a regional investment and export hub.
Singapore Deputy Prime Minister Gan Kim Yong said the cooperation would extend beyond Johor and Singapore to include efforts to attract investors from other countries and facilitate exports to other markets.
“This is a very important bilateral cooperation between our two countries, as well as between Johor and Singapore. Indeed, we are looking for additional ways to enhance Johor-Singapore cooperation.
“Hopefully, more details will be announced in time to come on how we can further support one another in the years ahead,” he said in his keynote speech during a business luncheon with the Malaysia-Singapore Business Council on his one-day working visit here.
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