Singapore and Malaysia Plan Shenzhen-Style Mega-Hub

- Singapore and Malaysia are working to create a cross-border special economic zone (SEZ) in southern Johor state, aiming to replicate China's success with Shenzhen. - The SEZ could attract billions in foreign investments, create 100,000 jobs in Johor, and bolster Malaysia's economy by $26 billion annually by 2030. - The initiative faces political challenges, including historical distrust and differing economic policies, but has high-level support from both nations. - The SEZ aims to ease border congestion with passport-free travel and a new rapid rail link, enhancing connectivity and economic integration. - Johor's data center boom and potential real estate surge highlight the region's growing appeal, with significant investments from tech giants and property developers. Source: [Bloomberg](https://www.bloomberg.com/news/features/2024-08-21/singapore-malaysia-want-to-build-a-shenzhen-style-special-economic-zone?srnd=homepage-asia)