Singapore, Malaysia deepen cooperation as Johor-Singapore economic zone attracts RM88.8 billion in investments
Singapore and Malaysia are stepping up bilateral co-operation through a new ministerial committee, as their joint economic zone secured RM88.83 billion (S$27.72 billion) in approved investments and is associated with nearly 29,000 potential jobs.The investments were approved under the Johor-Singapore Special Economic Zone (JS-SEZ) between January 2025 and June 2026, according to a joint statement released on Monday (Nov 2).Of the total, RM40.3 billion, or about 45 per cent, had been implemented, with these projects associated with 12,796 jobs.The approved projects are expected to create a total of 28,755 potential employment opportunities.The figures were announced following the inaugural Johor-Singapore Cooperation Ministerial Committee (JSCMC) meeting in Singapore, co-chaired by Singapore's Minister for National Development Chee Hong Tat and Malaysia's Minister of Economy Akmal Nasrullah Haji Mohd Nasir.The ministers welcomed investments from Singapore and Singapore-based companies referred to the Investment Facilitation Centre - Johor by Singapore.