JOHOR BAHRU (Jan 29): International property developer Country Garden is actively upgrading several facilities in the Forest City area, in preparation for the implementation of the Special Financial Zone (SFZ) initiative.
Its Malaysia-Singapore brand, sales and marketing general manager Fang Fang said the effort is crucial, so as to ensure that Forest City would attract new investors via the SFZ initiative.
"Among the upgrades is the construction of a checkpoint for the Royal Malaysian Customs Department to relocate the existing checkpoint to a new place.
"The construction of the new inspection centre, which is expected to be completed by the end of this year, will ensure smooth inspections by related agencies, while also enhancing enforcement in the area," she said in a statement on Monday.
Additionally, she said several infrastructure projects related to transport were being developed in the surrounding areas, aimed at improving access to and from the area.
Among these projects are the eagerly awaited Kuala Lumpur-Singapore High-Speed Rail project and the Light Rapid Transit West Line, with plans to establish stations in Forest City, Fang said.
She said the cross-border bus service was also officially launched at the end of last year, to enable various types of public transportation based in the Forest City SFZ.
"Forest City is also upgrading the Internet network services and completing various use of the latest technology, to ensure that it becomes one of the best financial zones in the region," she said.
Forest City welcomes the effort to introduce a QR code implementation system to facilitate faster clearance of people at land checkpoints, she added.
"The adoption of QR code-based clearance process by both Malaysian and Singaporean authorities is seen as a profound change in the approach to the flow of people and goods in the region," Fang said.
On Aug 25 last year, Prime Minister Datuk Seri Anwar Ibrahim announced the setting up of a special financial zone in Forest City, as well as several incentives to boost economic activities in Johor and the surrounding areas.
The Forest City project in Iskandar Puteri has been developed by Country Garden since 2015, with an investment worth US$100 billion (approximately RM473 billion).
Source: TheEdge - 30 Jan 2024
Created by edgeinvest | Aug 27, 2024
Created by edgeinvest | Aug 27, 2024
Created by edgeinvest | Aug 27, 2024
Created by edgeinvest | Aug 27, 2024
Created by edgeinvest | Aug 27, 2024