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Malaysia says it is nearing deal with S'pore for special economic zone

Bloomberg
Bloomberg • 3 min read
Malaysia says it is nearing deal with S'pore for special economic zone
The geographic makeup of the zone has almost been finalised, Johor Chief Minister Onn Hafiz Ghazi said at a briefin on Wednesday. Photo: Bloomberg
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Malaysia said it’s near a deal with Singapore to develop Southeast Asia’s first cross-border special economic zone, which the countries hope will lure new investment and spur growth.

“We have gone into some final legwork,” Economy Minister Rafizi Ramli, who is representing Malaysia in bilateral talks with Singapore, said at a briefing in Kuala Lumpur on Wednesday. “Both sides should be able to sign a deal” and unveil the zone in September. 

The geographic makeup of the zone has almost been finalised, Johor Chief Minister Onn Hafiz Ghazi said at the briefing.

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