Malaysia, Singapore mull establishment of special economic zone
Economy Minister Rafizi Ramli and Singapore’s national development minister have announced the creation of a special task force to study the establishment of a Johor-Singapore special economic zone. – The Malaysian Insight file pic, July 14, 2023.
This was announced by Economy Minister Rafizi Ramli and the republic’s National Development Minister Desmond Lee at a joint press conference today. “The fact of the matter is the flow of people, goods, and services between Singapore and Malaysia will continue to grow,” said Rafizi, adding that both countries should leverage each other’s strengths.
Thus, Rafizi said the good work of JMCIM working groups over the last 15 years should be elevated to a more comprehensive special economic zone. Meanwhile, Lee said the special economic zone will benefit the people of Johor and Singapore as it would enhance the economies on both sides of the causeway, provide a tremendous value proposition that was built on the strengths and attractiveness of both, and bring about tangible benefits in terms of jobs and livelihoods.
“In fact, many work groups have done very good work transport connectivity, innovation, business ecosystem, environment, tourism, technical and skills training,” he said, adding that much of the previous work done was geared in support of the vision.
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