{"id":58580,"date":"2023-09-15T17:10:13","date_gmt":"2023-09-15T09:10:13","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=58580"},"modified":"2023-09-15T17:10:13","modified_gmt":"2023-09-15T09:10:13","slug":"sez-terms-finalised","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/sez-terms-finalised","title":{"rendered":"Scope Of Johor-Singapore Special Economic Zone To Be Finalised"},"content":{"rendered":"
After much discussion and deliberation from both sides, the Menteri Besar of Johor, Datuk Onn Hafiz Ghazi has confirmed that the Terms of Reference (TOR) of the Johor-Singapore Special Economic Zone (SEZ) will be finalised next month.<\/span><\/p>\n He said this in a reply to Andrew Chen Kah Eng, the assemblyman for Stulang at the one-day Johor assembly meeting on Thursday.<\/span><\/p>\n \u201cPrime Minister Dato Seri Anwar Ibrahim and his Singapore counterpart Lee Hsien Loong will be attending the retreat in Singapore.<\/span><\/p>\n \u201cMatters on the SEZ will be discussed further during the leaders’ retreat and will then be followed up with the TOR,\u201d said Datuk Onn Hafiz.<\/span><\/p>\n In the assembly, Datuk Onn Hafiz also added that the matter was first discussed between the two countries at the 16th meeting of the Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia (JMCIM).<\/span><\/p>\n \u201cI am truly happy and excited about this development and announcement because it will continue to strengthen the good relationship between Johor and Singapore for mutual prosperity and progress.<\/span><\/p>\n \u201cJohor and Singapore will cooperate more closely and complement each other for the good of the people in both countries,\u201d he said.<\/span><\/p>\n Last month, the <\/span>Prime Minister<\/span><\/a>\u00a0announced that the government is planning to create a special financial zone in Forest City in an effort to boost investment, growth and economic activities in the state of Johor.<\/span><\/p>\n According to a<\/span> report from ChannelNewsAsia<\/span><\/a> back in July, the SEZ will offer well-developed industrial spaces with special legal regimes, rules, institutional environments and incentives.<\/span><\/p>\n