Malaysia and Singapore leaders have signed an agreement to create a special economic zone to attract global investment and ease the cross-border flow of goods and people.

Malaysia and Singapore on Tuesday announced an agreement to establish a special economic zone on their border to boost investment and the movement of people and goods. Set up in Malaysia’s southern Johor state and linked by a causeway to Singapore,

Malaysia and Singapore announced on Tuesday an agreement on a special economic zone in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries.

The leaders of Malaysia and Singapore are set to formalize an agreement establishing a special economic zone linking their two nations’ border region, but the prospects for immediate economic benefits may hinge on implementation of a deal that has seen repeated delays since talks began in 2023.