Malaysia's RHB Investment Bank and Maybank Investment Bank predict the Johor-Singapore Special Economic Zone (JS-SEZ) will drive significant growth in Johor's economy. They anticipate increased foreign direct investment (FDI), new business opportunities, and a multi-year expansion phase for the real estate sector in Iskandar Malaysia.
KUALA LUMPUR: The Johor - Singapore Special Economic Zone can potentially propel Johor to become the southern growth engine for the economy, said RHB Investment Bank Bhd .
"We believe the JS-SEZ is a compelling proposition on its own - with Johor offering a lower operating cost environment, access to land, ample supply of skilled labour and adequate infrastructure to connectivity coupled with Singapore’s access to capital and technology,” it said. Similarly, Maybank Investment Bank Bhd also anticipates the property sector will benefit positively as the signing of the JS-SEZ validates the sustained implementation of government initiatives.
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