Forest City in Malaysia has seen a surge in interest from both domestic and international investors following its designation as a Special Financial Zone (SFZ). The project, officially incorporated into the Johor-Singapore Special Economic Zone (JS-SEZ), is expected to further attract foreign investment. Forest City's developer, Country Garden Pacificview Sdn Bhd, has reported 11 companies expressing interest in establishing operations within the SFZ.
ISKANDAR PUTERI: Forest City has garnered significant interest from both domestic and international investors following Prime Minister Datuk Seri Anwar Ibrahim’s announcement on August 25, 2023, designating the area as a Special Financial Zone .
“We have observed growing interest in Forest City from investors both locally and globally. As the project developer, we are committed to ensuring the successful implementation of this initiative,” he said in a statement on Wednesday . “We will work closely with both state and federal governments to ensure smooth planning and mutual benefits,” he said.
Meanwhile, Syarul Izam highlighted that Forest City’s development and its designation as an SFZ have drawn international interest, particularly from financial institutions. This was evident during a recent visit by a Johor delegation, led by Johor Mentri Besar Datuk Onn Hafiz Ghazi, to the Dubai International Financial Centre .
As a result of the visit, several parties have expressed interest in investing and establishing businesses in Forest City SFZ, particularly in the field of Artificial Intelligence .
INVESTMENT ECONOMY DEVELOPMENT SPECIAL FINANCIAL ZONE FOREST CITY
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