Johor-Singapore special economic zone pact to be signed on Monday

 

The Johor-Singapore special economic zone is expected to stimulate infrastructure development in the region. (AP pic)

PETALING JAYA: 

The Johor-Singapore special economic zone (JS-SEZ) joint agreement is expected to be signed in Putrajaya on Monday, says Johor menteri besar Onn Hafiz Ghazi.

He said the agreement will have a significant impact on Johor’s economy, particularly in the halal industry and tourism sector, and will also reshape the country’s economic landscape.

“The benefits will not only be for Johor Bahru residents, but for all of Johor. Malaysia, as a whole, will gain from various sectors like the economy, tourism, and more.

“The key question is whether we, the people of Johor, are ready to embrace the opportunities that will transform the country’s economy, because, if we’re not ready, others will take advantage,” Bernama quoted him as saying at a meeting with entrepreneurs at the Simpang Renggam district council site today.

Prime Minister Anwar Ibrahim previously announced that the signing of the JS-SEZ agreement, originally scheduled for Dec 9, had been postponed after his Singapore counterpart, Lawrence Wong, contracted Covid-19.

Malaysia and Singapore agreed in January last year to develop the SEZ in Johor, aiming to attract investment and free up the movement of goods and people.

Proposals for the project include a passport-free immigration clearance system, as well as cooperation on renewable energy and simplifying business approvals. - FMT