Prime Ministers Anwar Ibrahim and Lawrence Wong emphasize the unique partnership of JS-SEZ in attracting investments and promoting economic growth in both Malaysia and Singapore.
The Johor- Singapore Special Economic Zone ( JS-SEZ ) is a unique initiative where two countries work together to promote both nations and attract investments, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also the Finance Minister, highlighted that both Malaysia and Singapore have politically stable administrations with clear economic policies aimed at attracting investments.
Both governments are selective in ensuring investments align with future demands and priorities, he said during a joint press conference with Singapore’s Prime Minister Lawrence Wong today in conjunction with Wong’s two-day official visit to Malaysia which started yesterday. That, by itself, is a great incentive for businesses other than financial incentives and infrastructure provided via the collaboration, Anwar said. Meanwhile, Wong said the initiative provides a message for investors to look at the complementarities between Johor and Singapore and the many advantages in the entire JS-SEZ ecosystem. He said there are many strengths that can be harnessed from both sides that will enhance its value proposition and make JS-SEZ much more competitive and attractive for businesses to operate from. “On the Singapore side, we have engaged with many of our businesses, and they are very keen to do more out of Johor. We already have existing incentives for businesses that want to expand overseas. “We already have existing incentives for businesses from Singapore that want to expand overseas, so Singaporean businesses can tap into those incentives, market readiness programmes and grants in order to expand and operate in Johor that are synergised with their operations in Singapore,” he said. Wong also highlighted that the greater potential of JS-SEZ is about both nations working together to attract new investments globally as well as to market and promote the economic zone as a combined destination in Johor and Singapore for investor
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