https://www.nst.com.my/business/corporate/2024/08/1086526/johor-singapore-sez-may-turn-multi-growth-story-shenzhen-jp
Here are details on how the Malaysia-Singapore Special Economic Zone (SEZ) will achieve multiple growth like Shenzhen:
Malaysia and Singapore have reached an agreement to jointly develop the Special Economic Zone (SEZ) located in Johor, which will be an important catalyst for Johor's economic growth. Johor Minister of State Onn Hafiz Ghazi said that the establishment of a special economic zone and financial zone will strengthen Johor's position as an important strategic partner of Singapore Malaysia, Singapore agree to develop Johor-Singapore SEZ | New Straits Times] (https://www.nst.com.my/news/government-public-policy/2023/10/972964/malaysia-singapore-agree-jointly-develop-johor)。
The Johor Special Economic Zone development plan aims to mimic Shenzhen's development model. Over the past 40 years, Shenzhen has gone from a small fishing village to a high-tech international metropolis with a population of over 17 million, and its gross domestic product exceeded 3 trillion yuan (over 400 billion US dollars) in 2021. Onn Hafiz believes Shenzhen's success is proof that the Johor-Singapore SEZ can bring the best results to Johor up its game to become the next Shenzhen in order to attract investors | New Straits Times | Malaysia General Business Sports and Lifestyle News] (https://api.nst.com.my/property/2023/10/968335/johor-ups-its-game-become-next-shenzhen-order-attract-investors)。
In addition, Johor's special economic zone will also combine green high technology. Plans include building a direct route from the LINKEDUA Expressway to Forest City, creating 0.01 million new jobs, and several proposals to facilitate cross-border travel and rapid customs clearance. These measures aim to create the best financial ecosystem for various fields such as finance and innovative technology, Islamic finance, real estate management, insurance and risk management Johor ups its game to become the next Shenzhen in order to attract investors | New Straits Times | Malaysia General Business Sports and Lifestyle News] (https://api.nst.com.my/property/2023/10/968335/johor-ups-its-game-become-next-shenzhen-order-attract-investors) Malaysia and Singapore agree to develop Johor-Singapore SEZ | New Straits Times] (https://www.nst.com.my/news/government-public-policy/2023/10/972964/malaysia-singapore-agree-jointly-develop-johor)。
Overall, the establishment of the Johor Special Economic Zone is expected not only to bring about an economic leap forward, but will also make Johor an internationally influential economic center, similar to Shenzhen's transformation process. This development will not only benefit local residents, but will also further boost Malaysia's overall economic development Malaysia, Singapore agree to develop Johor-Singapore SEZ | New Straits Times] (https://www.nst.com.my/news/government-public-policy/2023/10/972964/malaysia-singapore-agree-jointly-develop-johor)。
For more details, please visit the original article: [Johor-Singapore SEZ may turn multi-growth story Shenzhen] (https://www.nst.com.my/business/corporate/2024/08/1086526/johor-singapore-sez-may-turn-multi-growth-story-shenzhen-jp)
Malaysia and Singapore have reached an agreement to jointly develop the Special Economic Zone (SEZ) located in Johor, which will be an important catalyst for Johor's economic growth. Johor Minister of State Onn Hafiz Ghazi said that the establishment of a special economic zone and financial zone will strengthen Johor's position as an important strategic partner of Singapore Malaysia, Singapore agree to develop Johor-Singapore SEZ | New Straits Times] (https://www.nst.com.my/news/government-public-policy/2023/10/972964/malaysia-singapore-agree-jointly-develop-johor)。
The Johor Special Economic Zone development plan aims to mimic Shenzhen's development model. Over the past 40 years, Shenzhen has gone from a small fishing village to a high-tech international metropolis with a population of over 17 million, and its gross domestic product exceeded 3 trillion yuan (over 400 billion US dollars) in 2021. Onn Hafiz believes Shenzhen's success is proof that the Johor-Singapore SEZ can bring the best results to Johor up its game to become the next Shenzhen in order to attract investors | New Straits Times | Malaysia General Business Sports and Lifestyle News] (https://api.nst.com.my/property/2023/10/968335/johor-ups-its-game-become-next-shenzhen-order-attract-investors)。
In addition, Johor's special economic zone will also combine green high technology. Plans include building a direct route from the LINKEDUA Expressway to Forest City, creating 0.01 million new jobs, and several proposals to facilitate cross-border travel and rapid customs clearance. These measures aim to create the best financial ecosystem for various fields such as finance and innovative technology, Islamic finance, real estate management, insurance and risk management Johor ups its game to become the next Shenzhen in order to attract investors | New Straits Times | Malaysia General Business Sports and Lifestyle News] (https://api.nst.com.my/property/2023/10/968335/johor-ups-its-game-become-next-shenzhen-order-attract-investors) Malaysia and Singapore agree to develop Johor-Singapore SEZ | New Straits Times] (https://www.nst.com.my/news/government-public-policy/2023/10/972964/malaysia-singapore-agree-jointly-develop-johor)。
Overall, the establishment of the Johor Special Economic Zone is expected not only to bring about an economic leap forward, but will also make Johor an internationally influential economic center, similar to Shenzhen's transformation process. This development will not only benefit local residents, but will also further boost Malaysia's overall economic development Malaysia, Singapore agree to develop Johor-Singapore SEZ | New Straits Times] (https://www.nst.com.my/news/government-public-policy/2023/10/972964/malaysia-singapore-agree-jointly-develop-johor)。
For more details, please visit the original article: [Johor-Singapore SEZ may turn multi-growth story Shenzhen] (https://www.nst.com.my/business/corporate/2024/08/1086526/johor-singapore-sez-may-turn-multi-growth-story-shenzhen-jp)
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