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Johor-Singapore SEZ Set to Boost Southeast Asia's Economic Model

share-iconFriday, January 10 comment-icon1 week ago 16 views
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Johor-Singapore SEZ Set to Boost Southeast Asia's Economic Model

Credited from: SCMP

  • The governments of Malaysia and Singapore have finalized an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ) following extensive negotiations.
  • The JS-SEZ will cover over 3,500 sq km, significantly larger than Singapore, and aims to be a model for Southeast Asia's economic potential.
  • In addition to manufacturing, the zone will target logistics, tourism, financial services, and various other key sectors.
  • Aiming for 100 projects in the first decade, the JS-SEZ plans to create approximately 20,000 skilled jobs.
  • Challenges remain regarding infrastructure and bureaucracy, especially in managing increased commuter traffic from the new rapid transit system.

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Johor Singapore Special economic zone Southeast asia Economic growth Investment Manufacturing Infrastructure
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Gloria Terra

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