Singapore and Malaysia are building the new “Shenzhen”: In an era of tariff wars and onshoring narratives, Regional Mega Hub is the right path. Why ? Infrastructure, labor availability, investments attraction, innovation readiness …Often one single country/region does not own ALL the ingredients for economic success recipe. Therefore it calls for meaningful alliances and scale effets to compensate the missing pieces. Most westerners are unfamiliar with the region of Johor, pretty much like two decades ago no one heard of Shenzhen which turned out to be the epicenter of manufacturing and innovation for China and beyond. Special mention for manufacturers reconfiguring your global #supplychain: Johor is already known for food processing industry with notable global players like Netslé, Danone… The right path is rarely the path of least resistance though — entrepreneurial determination and political vision do matter, especially at crossroads. Let’s remember this name for now and see for yourself five years down the road.
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Malaysia and Singapore have launched the Johor-Singapore Special Economic Zone (SEZ), a groundbreaking partnership set to create 100,000 new jobs and generate US$26 billion (RM117.22 billion) annually for the Malaysian economy by 2030. This collaboration leverages Johor’s resources and Singapore’s global strengths, offering businesses an attractive hub for growth. With strategic incentives and improved cross-border systems, the SEZ is paving the way for increased investments and regional development. Read the full article here for more details. https://lnkd.in/gcRsddwW
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The Johor-Singapore Cross-Border Special Economic Zone is set to transform the region into a “Shenzhen-style super hub,” enhancing economic cooperation between Malaysia and Singapore. This initiative aims to boost trade, create 100,000 jobs, and generate significant revenue by focusing on sectors like the digital economy and manufacturing. With strong governmental support and strategic planning, it holds the potential to deepen regional ties and serve as a model for future collaborations in Southeast Asia, despite previous challenges in bilateral projects. Learn more here: https://heyor.ca/Th0nwA #TheStar #SEAsiaInfrastructure #DigitalEconomy #CrossBorder
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[ASIA] In a groundbreaking move, Singapore and Malaysia are set to revolutionize their economic relationship through the establishment of a special zone in Johor. #SingaporeMalaysiaIntegration #JohorSpecialZone #ASEANEconomics #CrossBorderCollaboration https://lnkd.in/gYfiWeYF
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Earlier this month, the governments of #Singapore and #Malaysia signed an agreement on the establishment of on a special economic zone (#SEZ) in the southern Malaysian state of Johor (the Johor Singapore Special Economic Zone), aiming to support investment and free up movement of goods and people between the two countries. Clyde & Co lawyers Aaron Ong and Ton van den Bosch explain in this brief client alert why this is good news and that much high-value investment in sectors such as #manufacturing, #tourism, #renewable #energy and #logistics is expected in #Johor.
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Malaysia and Singapore have signed a landmark Johor-Singapore SEZ pact, unlocking: ✅ 100 transformative projects ✅ 20,000 job opportunities ✅ Investments spanning 11 dynamic sectors This historic agreement will also streamline cross-border movement, paving the way for faster and more seamless trade and travel. 🌏💼 The future of bilateral cooperation just got brighter! 💡✨ #JohorSingaporeSEZ #RegionalGrowth #EconomicDevelopment #CrossBorderCollaboration #ASEANForward https://lnkd.in/gNNFSCmM
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The announcement of a joint special economic zone (SEZ) between Malaysia and Singapore in Johor marks a significant step in strengthening cross-border economic ties. By focusing on key sectors such as manufacturing, logistics, tourism, and energy, this initiative aims to attract high-value investments and create 20,000 skilled jobs within five years, which aligns well with both nations’ long-term economic goals. I believe this collaboration could serve as a model for other nations looking to strengthen economic ties and invest in shared infrastructure projects. It will be interesting to monitor how this project evolves, especially its impact on cross-border traffic and its potential to position the Johor region as a key economic hub in Southeast Asia. You can read the full article here for more insights: https://lnkd.in/gx9Jypjr #Malaysia #Singapore #SpecialEconomicZone #EconomicDevelopment
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The Johor-Singapore Special Economic Zone (JS-SEZ) is on the verge of revolutionizing regional economies, with business interest spiking by 25%. Slated for a pivotal agreement on January 7, this zone aims to enhance collaboration between Malaysia and Singapore in key sectors like food manufacturing and logistics. Imagine streamlined regulations and attractive tax incentives fueling growth! While challenges like regulatory harmonization and political risks remain, the potential benefits are undeniable. With improved connectivity from the upcoming RTS Link, businesses can look forward to lower costs and enhanced supply chain efficiency. The JS-SEZ isn’t just about economics; it’s a game-changer for job creation and talent development. As we stand at this crossroads, businesses must engage and prepare to tap into this unprecedented opportunity. Will your company be among the pioneers in this economic leap? Let's keep our eyes on this transformative initiative!
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"A great challenge of life: Knowing enough to think you're doing it right, but not enough to know you're doing it wrong."
It could have for decades. And that will be seen as a miss by Johor. But if Malaysia proceeded down that road - it would make Singapore, not KL the center of Malaysia. To understand what I mean - we must go back to Colonial Times. Malaysia has many small ports on its west coast of Peninsular Malaysia (not so much on the east coast because of the NE Monsoon) - the Malacca Straits. These were ports intended for resource export - to be shipped down to Singapore. The road network from north Malaysia to Johor all led to Singapore. So while it is often remarked that M'sia kick Singapore out - it also kicked out a trade hub that Malaysian infrastructure was designed to serve. So the Federal Govt focusing on Selangor, KL and the Port Klang were necessary moves in the 80s-90s. Johor often felt that it was the step son. The bridge over Johor River to link Desaru to the Johor Bahru without having to detour to Kota Tinggi? That took 30 years to happen. Anything that tied Johor economic fate closer to Singapore was viewed with suspicion, because then the economic center of Malaysia will drift south. So this move to promote more investments into Johor to take advantage of Singapore's trade hub, economic infra, consumer market is a big shift. The last time they tried in the 90s, they tagged Malacca, Negri and Pahang along with Johor.
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Malaysia and Singapore on Tuesday finalised plans to develop the much-touted Johor-Singapore Special Economic Zone (JS-SEZ) after multiple delays, setting the stage for what Malaysian Prime Minister Anwar Ibrahim described as a "unique" initiative centered around one of the world's busiest land crossings. Anwar and his Singaporean counterpart, Lawrence Wong, witnessed the signing of the agreement at the end of the two nations' annual leaders' retreat hosted by Malaysia. The deal was initially set to be signed last September but was postponed twice, including in December when Wong had to go into quarantine after being infected with Covid-19. Modelled after the Shenzhen Special Economic Zone, the JS-SEZ aims to ease the movement of talent and goods across the Causeway and enable swift capital flow from Singapore into Iskandar Malaysia and Pengerang in Johor's southern and eastern regions. The Johor state government estimates around US$6 billion in capital inflows annually over the next six years through the JS-SEZ, offering ample land, resources and potentially talent to Singapore-based corporations seeking to expand beyond the expensive and land-starved financial hub. https://lnkd.in/gdr-Z-Fu
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The evolving relationship between Singapore and Malaysia has transitioned from the controversial 'crooked bridge' to the promising Johor-Singapore Special Economic Zone (SEZ). #JohorSingaporeSEZ #EconomicIntegration #BilateralRelations #TradeAndInvestment https://ow.ly/9fMN50RCYBL
