The Johor menteri besar said he is hopeful the JS-SEZ will open up more business opportunities and enhance economic relations between Malaysia and Singapore. “This is a strategi

Malaysia and Singapore announced on Tuesday an agreement on a special economic zone in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries.

The JS-SEZ has a higher chance of success than past projects such as Iskandar Malaysia – launched in 2006 and conceptualised as a southern economic growth corridor – given the involvement of the Singapore Government, which brings to the table better governance, he noted.

The Singapore government will fund Singaporean companies expanding into the JS-SEZ, while Malaysia’s fund will target infrastructure build in Johor.

Malaysia and Singapore leaders have signed an agreement to create a special economic zone to attract global investment and ease the cross-border flow of goods and people

SEZ, first mooted in July 2023, is pitched as a means to transform Singapore and Johor into a greater economic area and to promote cross border trade.

The leaders of Malaysia and Singapore formalized an agreement establishing a special economic zone linking their two nations’ border region, with the aim of attracting 50 projects in the first five years of its establishment.