The “green lane” will see UOB undertake the pre-qualification assessment for the bank’s customers’ applications for Johor’s Super Lane approval. The applications will be determined by the criteria set out by Invest Johor. At the same time, UOB introduced a fast lane account opening service for its Singapore-based customers looking to expand into the JS-SEZ.
The Johor-Singapore Special Economic Zone (JS-SEZ), launched with considerable fanfare by the prime ministers of the two neighbouring nations last month, is gaining momentum as leading private enterprises step up to play rainmaker roles. On Feb 19, United Overseas Bank (SGX:U11
) (UOB) launched a “green lane” with Invest Johor to fast-track investments in the JS-SEZ.
The “green lane” was one of the outcomes that stemmed from the memorandum of understanding (MOU) signed between the bank and Johor’s investment agency at the Asean conference held in Singapore in August 2024.
