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JS-SEZ poised to attract ‘China Plus One’ investments with fast-tracked approvals, tax incentives

Industry players are pushing hard for expedited approvals, tailored incentives and the establishment of free zones

Tan Ai Leng
Published Mon, Dec 2, 2024 · 01:15 PM
    • Market observers are optimistic that the zone's establishment will redefine economic dynamics between Singapore and Malaysia, driven by infrastructure advancements and policy synergy.
    • Market observers are optimistic that the zone's establishment will redefine economic dynamics between Singapore and Malaysia, driven by infrastructure advancements and policy synergy. PHOTO: BT FILE

    [KUALA LUMPUR] The new Johor-Singapore Special Economic Zone (JS-SEZ) is emerging as a prime destination for global businesses pursuing a “China Plus One” strategy, with market expectations including faster business approvals, targeted incentives and the strategic leverage of Singapore’s financial strength alongside Johor’s cost advantages to drive high-value investments.

    With a joint agreement expected to be finalised this month during the Singapore-Malaysia Leaders’ Retreat, the zone is poised to attract a surge of foreign direct investment (FDI) driven by changing trade dynamics and Donald Trump’s return as US president in January.

    Market experts said the JS-SEZ offers an ideal platform for diversifying supply chains and capitalising on shifting trade routes, with businesses eager for incentives and funding to fuel growth in the zone.