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Markets & Investing

Staff Reporter

, Singapore

Published:

1 year ago

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Gold Peak invests US$150m under JS-SEZ Green Lane initiative

The investment will build a manufacturing and R&D facility in Johor.

Hong Kong’s Gold Peak Technology Group (Gold Peak) will invest US$150m to build a new manufacturing and research and development (R&D) facility in Johor under the Green Lane initiative launched by UOB and Invest Johor.

The initiative aims to fast-track its customers’ investment into the Johor-Singapore Special Economic Zone (JS-SEZ). Gold Peak is the first company to invest in this initiative.

The initiative is one of the results of the memorandum of understanding (MOU) inked at the 2024 ASEAN Conference between UOB Malaysia and Invest Johor.

“By leveraging the strengths of both countries, the JS-SEZ will unlock new possibilities for investment, innovation, and growth. With our strong network, in-depth knowledge, and expertise in Malaysia, and also our close ties with regional government investment agencies, UOB has a unique ability to be an effective gateway for businesses and investors expanding into the region,” Sam Cheong, head of Group Foreign Direct Investment Advisory at UOB said.

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