Johor seeks more eco-friendly investors in Johor-Singapore special economic zone

06 Feb 2024

Johor wants more environmentally friendly investors to invest in the Johor-Singapore special economic zone (JS-SEZ), says its Mentri Besar.

Datuk Onn Hafiz Ghazi suggests introducing incentives and tax structures to make the zone attractive to investors.

“There should be a collaboration of technology and innovation, and the integration and cooperation between Malaysia and Singapore in the global market should also be eased,” he said in a Facebook post on Tuesday (Feb 6).

Earlier, he led the Johor delegation in a meeting with Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz in Kuala Lumpur.

“During our meeting, I told Zafrul that Johor also hopes to have an Invest Malaysia Facilitation Centre (IMFC) to gather all the related agencies in the state under the JS-SEZ framework,” he added.

Malaysia and Singapore officially set up the economic zone by signing a memorandum of understanding (MoU) on Jan 11.

The signing was witnessed by Prime Minister Datuk Seri Anwar Ibrahim and his Singapore counterpart, Prime Minister Lee Hsien Loong.

Source: The Star