The JS-SEZ, which was first mooted in July 2023, was pitched as a means to transform Singapore and Johor into a greater economic area and to promote cross-border trade. It has since been positioned as a region for international investors to hedge against geopolitical risks, and a destination for Singaporean companies to expand to.
Singapore and Malaysia are aiming to create 20,000 jobs and to bring 50 businesses in five years and 100 businesses in 10 years to the Johor-Singapore Special Economic Zone (JS-SEZ).
This follows the signed agreement of the JS-SEZ on Jan 6, and the exchange of the agreement by Prime Minister Lawrence Wong and Malaysian Prime Minister Anwar Ibrahim on Jan 7 in Putra Jaya, Kuala Lumpur during the 11th Malaysia-Singapore Leaders’ Retreat.
