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Singapore firms commit to invest RM17.8bil in Johor

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The republic’s deputy prime minister Gan Kim Yong says the Johor-Singapore Special Economic Zone shows what countries can achieve through partnership and cooperation.

SINGAPORE: Singapore-based companies have committed over S$5.5 billion (RM17.8 billion) in investments in Johor since the Johor-Singapore Special Economic Zone (JS-SEZ) memorandum of understanding (MoU) was signed last year, said the republic’s deputy prime minister Gan Kim Yong.

Gan, who is also the minister for trade and industry, said both countries would continue to work closely to realise the full potential of the cross-border economic zone.

“We look forward to more investments in the months ahead,” he said in his keynote address at the 2nd JS-SEZ Joint Investment Forum, at the Sands Expo and Convention Centre, here.

Tags:EconomyGan Kim YonginvestmentJohor-Singapore SEZSingapore


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