Malaysia's move to grant the development duty-free status has sparked debate over whether this move is a lifeline or a bailout for the Chinese-backed project.
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The government is also close to finalizing a deal with Singapore to develop a cross-border economic zone that will likely include the mega property project. Supporters of the decision argue that the duty-free status will attract investments, stimulate economic activity, and boost regional trade. Despite these potential benefits, concerns remain over the project’s viability and the effectiveness of the duty-free status in reviving Forest City.
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