Malaysia-Singapore Collaboration on Johor-Singapore Special Economic Zone (JS-SEZ)

Feb 2024

Malaysia and Singapore have formalized a memorandum of understanding (MOU) to collaborate on the development of the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration aims to improve cross-border trade and investment opportunities, focusing on key sectors such as electronics, financial services, business-related services, and healthcare.

Both nations are committed to advancing towards a comprehensive agreement regarding the JS-SEZ, with progress updates scheduled for the next Malaysia-Singapore leaders’ retreat. The legally-binding agreement will establish a framework addressing crucial aspects such as mutually beneficial economic sectors for cooperation and the geographical scope of the JS-SEZ. Furthermore, efforts are underway to streamline business processes and facilitate investment within the economic zone. Initiatives include establishing a centralized business and investment hub, digitalizing cargo clearance procedures, hosting investor forums, and implementing programs to address talent shortages in relevant industries.

These collaborative initiatives between Singapore and Malaysia are further bolstered by recent milestones, such as the commemoration of the RTS Link, which will significantly enhance connectivity between Johor Bahru and Singapore. This project is expected to commence passenger services by December 2026, with a peak capacity of up to 10,000 passengers per hour, per direction. Moreover, plans for a passport-free QR code clearance system at land checkpoints aim to expedite traveler clearance processes.

(Sources: The Business Times; The Star)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services