The Johor-Singapore Special Economic Zone (JS-SEZ) is expected to contribute an additional US$28 billion (RM125.92 billion) to Malaysia's annual Gross Domestic Product (GDP) by 2030, said Economy Minister Rafizi Ramli.

During the Malaysia Economic Forum (FEM) 2025 session, From Made in Malaysia to Made by Malaysia, Rafizi highlighted that Johor's economy currently accounts for around 9% of the nation's GDP and is poised to rival the Klang Valley within the next five to ten years.

"SEZs spanning two nations are a rare occurrence globally. Unlike others implemented under a single jurisdiction, we need to harmonise many aspects. While this process is challenging, both Malaysia and Singapore recognise the immense value this collaboration holds," he said.

On Tuesday, the JS-SEZ agreement was formalised, marking a significant milestone in cross-border economic cooperation. Prime Minister Datuk Seri Anwar Ibrahim and his Singaporean counterpart Lawrence Wong witnessed the exchange of agreements between the two nations.

Rafizi described the JS-SEZ as a new growth engine for Malaysia. "If we can fully leverage Singapore's complementary elements, Johor should be able to become the next growth engine in the coming decade," he added.

This development opens up vast opportunities for Iskandar Puteri and surrounding regions, setting the stage for enhanced economic growth and collaboration.