Johor could see up to $711 million in investment from Maybank’s Singapore clients
“These intended investments will contribute to the development of the 11 Johor-Singapore Special Economic Zone (JS-SEZ) economic sectors, particularly in the green economy, manufacturing, logistics and healthcare.”
“The Malaysian bank said its three Singapore clients have expressed interest in investing in Johor’s special economic zone: Thomson Medical Group and Centurion Corp – which are both listed on Singapore’s stock exchange – and Alpine Renewables and Edible Oils, a supplier of feedstock to biofuel producers in the United States, Europe, South Korea and China.”
“The idea is to make sure that we have large international banks to cater to each region. That is why you have CGS International looking for primarily Chinese investors, Sumitomo Mitsui Banking Corporation to look after East Asia, CIMB and Maybank for local and regional investors.”
” ‘If these numbers hold – and we believe they will – Johor will exceed RM50 billion to RM60 billion in total investments in (full-year) 2025, surpassing last year’s RM48.5 billion. This will position Johor yet again in the top three investment destinations in Malaysia (after Selangor and Kuala Lumpur),’ Datuk Onn said on May 19.”