“Among the key initiatives are Fast-track manufacturing approvals: Licences for non-sensitive industries will be issued within seven working days, followed by a no-objection certificate from the Johor government within another seven days.”
“Multiple-entry investor visas: New 12-month multiple-entry visas for investors will be available through the Xpats Gateway platform, with the Malaysian Investment Development Authority (MIDA) empowered to proactively offer investor passes to multinational and high-value sector investors.”
“Talent development funding: An allocation of RM650 million has been earmarked for the Skills Development Fund Corporation (PTPK) to enhance workforce training in line with industry needs.”
“Strategic co-investment fund: An additional RM200 million has been channelled into the Strategic Co-Investment Fund under the New Industrial Master Plan 2030, with a matching ratio adjusted to 1:1 and financing rates as low as 0.5%.”
“A major focus of the discussions was talent development. The Johor Talent Development Council is collaborating with local institutions and global universities—including from the US and UK—to strengthen technical and leadership training.”
See also: Akmal Nasrullah To Meet Singapore Counterpart By End-January On JS-SEZ, Blueprint To Be Unveiled In 1Q
“It forms part of Malaysia’s broader economic strategy under the 13th Malaysia Plan and complements other national initiatives including the National Energy Transition Roadmap (NETR), with the objective of driving sustainable growth, creating quality jobs and positioning southern Malaysia as a regional economic hub.”
“It covers the Iskandar development area, Forest City, Pengerang Integrated Petroleum Complex, and Desaru, with a land area of 357,128 hectares.”