“It’s an important project which was built on the complementary structure of Singapore and Johor so that we can both be more competitive, enhance our value proposition and jointly attract more investments to our shores,” Wong said in Putrajaya, Malaysia’s administrative capital.
The leaders of Malaysia and Singapore formalized an agreement establishing a special economic zone linking their two nations’ border region, with the aim of attracting 50 projects in the first five years of its establishment.
Malaysia Prime Minister Anwar Ibrahim and Singapore Prime Minister Lawrence Wong officiated a ceremony on Tuesday for the economic zone in Malaysia’s southern state of Johor — which shares one of the world’s busiest border crossings with Singapore. The signing was postponed to January after Wong contracted Covid.
