ARTICLE · 06 FEBRUARY 2024

Unlocking Opportunities: The Johor-Singapore Special Economic Zone

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In a move to foster stronger economic relations, combat global business slowdown and improve bilateral connectivity, Malaysia and Singapore...

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Introduction

In a move to foster stronger economic relations, combat global business slowdown and improve bilateral connectivity, Malaysia and Singapore has signed a Memorandum of Understanding ("MOU") on the realisation of the Johor-Singapore Special Economic Zone ("the SEZ") on 11^th January 2024. The MOU was signed by Economy Minister Rafizi Ramli and Singapore Trade and Industry Minister Gan Kim Yong, witnessed by Prime Minister Datuk Seri Anwar Ibrahim and his Singapore counterpart Lee Hsien Loong.

Commercial Impact of the SEZ

The SEZ is set to be in the main southern development corridor in Johor, Iskandar Malaysia. Boasting an area of about 2,300sq km, the abundance of land brings with it many business growth opportunities to be "Shenzhen 2.0" through five key areas of developments:-

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