The bank will work with the state agency to target “high-value, high-technology and high-impact” investments from various priority sectors, such as electrical and electronics, advanced manufacturing and engineering, digital economy, green economy, life science and med-tech, electric vehicles, aerospace and port and logistics.
United Overseas Bank (UOB) (SGX:U11
) and Invest Johor, the Malaysian state’s investment agency, have signed a memorandum of understanding (MOU) to “jointly promote and facilitate investment opportunities” in the Johor-Singapore Special Economic Zone (JS-SEZ), according to a release dated Aug 29.
Notably, a “green lane” will be established, with UOB as a designated partner to assist with foreign direct investments (FDI) in these prioritised sectors to accelerate their investments.
