Johor-Singapore SEZ: Will third time be the charm?
Enduring political commitment between Malaysia and Singapore, with economic benefits proportionately accrued to both, are key to success
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THE formal launch of the Johor-Singapore Special Economic Zone (JS-SEZ) has generated a flurry of interest from businesses and industry stakeholders keen to be part of what many are calling a “game changer” in economic cooperation between the two neighbours.
UOB, the Singapore Chinese Chamber of Commerce & Industry, and the Associated Chinese Chambers of Commerce and Industry of Malaysia inked a memorandum of understanding 10 days after the announcement to boost collaboration and investment opportunities in the JS-SEZ.
The Singapore Manufacturing Federation has about 20 member companies that have already set up facilities in Johor even before the agreement to establish the zone was signed on Jan 6. The Singapore Business Federation (SBF) is planning a mission to Johor in mid-February that will involve over 100 companies, with more than 80 per cent being small and medium-sized enterprises (SMEs) and more than half being new to Johor.
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