SG firms pledge $5.5b in Johor under JS-SEZ

A key priority is to anchor flagship projects.

Singapore-based companies have committed over $5.5b in investments into Johor since the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) memorandum of understanding in January 2024.

The announcement was made at the 2nd JS-SEZ Joint Investment Forum held at the Sands Expo and Convention Centre in Singapore, attended by more than 900 business leaders, investors, policymakers, and academics from both countries.

Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, described the JS-SEZ as a hub leveraging the complementary strengths of Singapore and Malaysia, with a focus on stability, innovation, and trust.

He outlined three priorities for further growth: anchoring flagship projects, simplifying business processes, and promoting inclusive growth for SMEs and workers.

Lee Chuan Teck, chairman of Enterprise Singapore, said the JS-SEZ enhances the region’s attractiveness to global investors and called for ongoing efforts to support business ease, talent development, and collaboration with trade associations and the private sector.

The forum, jointly organised by Singapore and Malaysia, also saw participation from Malaysia’s Minister of Investment, Trade and Industry YB Senator Tengku Zafrul Abdul Aziz, and Johor Chief Minister YAB Dato’ Onn Hafiz Ghazi.

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