- August 25, 2023
- Posted by: admin
- Category: Daily News
- The federal government is to create a special financial zone in the Forest City property development area in Iskandar Puteri, in an effort to stimulate investment and economic growth in Johor.
- Anwar announced several incentives such as the extension of incentives in Iskandar Malaysia to the Forest City area, including a special income tax rate of 15% for skilled workers and the provision of multiple-entry visas.
- He said the creation of the zone could attract more investors with Johor’s strategic location next to neighbouring Singapore, the availability of a complete basic infrastructure, and with costs in Singapore currently considered high.
- “The synergy that exists in Johor is different from other states and (we) can take advantage of Singapore’s achievements,” he said.