9 in 10 Singaporean firms eye opportunities in Johor-Singapore SEZ: report

A joint investment promotion agency could boost engagement and help maximise opportunities.

The proposed Johor-Singapore Special Economic Zone (SEZ) continues to gain support with 93% of Singaporean businesses considering Johor as an attractive investment destination, according to a report by the Singapore Business Federation (SBF).

SBF found that among the 160 Singaporean businesses surveyed across various industries, 50% have already set up shop and are operating in Johor.

To maximise the potential of the Johor-Singapore Special Economic Zone (SEZ), 58% of the companies said a joint investment promotion agency could market the zone and facilitate investor engagement. A third supported having a platform that will facilitate collaboration and networking opportunities.

SBF’s findings showed the strong level of support from the business community is still hampered by the challenges the two nations are currently facing.

Nearly 60% of the companies said they were having difficulties in sourcing technical and skilled workers in Johor – a problem that the majority believes is caused by employment pass issues,  skill gaps and salary mismatch.

36% said they are optimistic about the enhanced connectivity that the Johor-Singapore SEZ will bring to facilitate smoother and more efficient cross-border people movement.