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FMT News (7 January 2025)

Malaysia and Singapore announced an agreement on a special economic zone (SEZ) in Johor on Tuesday, aiming to support investment and free up movement of goods and people between the countries.

The neighbours first agreed in principle to jointly develop the economic zone a year ago. Tuesday’s agreement was announced during a visit to Malaysia by Singapore Prime Minister Lawrence Wong and senior cabinet members.

“It’s an important project… we can both be more competitive, enhance our value proposition, and jointly attract more investments to our shores,” Wong told a joint press conference with counterpart Anwar Ibrahim.

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