Singapore and Malaysia have established the Johor-Singapore Economic Zone (JS-SEZ) to attract investments and create jobs. This initiative aims to strengthen cooperation in areas like electricity trading, carbon credits, and carbon capture. The JS-SEZ will focus on 11 major industries, including manufacturing, logistics, and green economy. The goal is to expand 50 projects within five years and create 20,000 jobs locally.
The two countries have also signed agreements to promote carbon credit trading and carbon capture and storage. They will establish a joint committee to promote carbon capture research and share practical experiences. This aims to stimulate cross-border electricity trading and support regional renewable energy projects.
