Malaysia, Singapore Launch Special Economic Zone in Johor

Malaysia and Singapore have officially established a special economic zone (JS-SEZ) in Johor, aimed at enhancing mutual investment and improving the movement of goods and people. The initiative, announced during Singapore Prime Minister Lawrence Wong's visit to Malaysia, seeks to attract high-value investments across various sectors, including manufacturing, logistics, and energy transition. Both countries plan to initiate 50 projects within the first five years, which will create approximately 20,000 skilled jobs and bolster the economies of both nations. Malaysia will create an infrastructure fund to support incoming businesses, while Singapore will develop its own fund for its companies operating in Johor. This collaboration is also expected to alleviate congestion at the busy border, where thousands commute daily between the two nations. The expansive zone is projected to cover over 3,500 square kilometers and could attract billions in foreign investments, significantly boosting the Malaysian economy.