S'pore firms have invested $5.5b in Johor since SEZ pact

Economic zone complements Republic's industrial transformation efforts: DPM Gan

- Timothy Goh and Harith Mustaffa

Singapore-based companies have poured more than $5.5 billion in investments into Johor since the 2024 signing of a special economic zone pact between Johor and the Republic, said Deputy Prime Minister Gan Kim Yong.

Speaking at the second Johor-Singapore Special Economic Zone (JS-SEZ) Joint Investment Forum on Oct 14, DPM Gan said the zone complements Singapore's industrial transformation efforts, giving companies room to scale while staying anchored to the Republic's innovation and financial ecosystem.

For Malaysia and Johor, the JS-SEZ is a powerful engine to attract new investments, foster technology partnerships and develop important talent, he added.

"Together, we are building a cross-border ecosystem that supports enterprise growth, innovation and the creation of good jobs on both sides," he said at the forum, held at the Sands Expo and Convention Centre.

DPM Gan, who is also Minister for Trade and Industry, said both Singapore and Malaysia will attract and anchor flagship projects for key sectors that both countries want to grow, such as advanced manufacturing, logistics, green industries and digital services.

"These projects will demonstrate the potential of the JS-SEZ to other investors, showcasing how firms can co-locate, grow their capacity, and expand seamlessly across both sides of the Causeway to tap into regional markets," he said.