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Johor-Singapore SEZ targets closer ties with Italy, EU for innovation and talent
🇲🇾 Malaysia /Economy & Trade

Johor-Singapore SEZ targets closer ties with Italy, EU for innovation and talent

From Utusan Malaysia · () Malay

Translated from Malay, summarized and contextualized by DistantNews.

At a glance

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  • The Johor-Singapore Special Economic Zone (JS-SEZ) aims to foster closer cooperation with Italy and the European Union to enhance human capital development, innovation, and technology transfer.
  • The initiative prioritizes talent development, aiming for investments to have broader impacts through technology transfer, industry strengthening, and quality career paths for the youth.
  • JS-SEZ seeks to leverage Malaysia's strengths in skilled labor and infrastructure with Singapore's financial capabilities and global network, positioning itself as a global investment and innovation hub.

The Johor-Singapore Special Economic Zone (JS-SEZ) is actively seeking deeper collaboration with Italy and the European Union to bolster its competitiveness through enhanced human capital development, innovation, and technology transfer. The initiative places a strong emphasis on talent development, aiming to ensure that investments yield significant impacts by facilitating technology transfer, strengthening industries, and creating quality career pathways for young Malaysians.

Economic Minister Akmal Nasrullah Mohd. Nasir highlighted the importance of partnerships with Italy and other European nations, particularly in areas such as industrial training, Science, Technology, Engineering, and Mathematics (STEM) development, research, and university-industry cooperation. These collaborations are expected to cultivate a highly skilled future workforce.

In an increasingly complex world, success will depend on trusted cooperation and resilient growth networks.

— Akmal Nasrullah Mohd. NasirSpeaking at the JS-SEZ Executive Forum about the importance of international collaboration.

Furthermore, the JS-SEZ anticipates that these partnerships will strengthen the innovation ecosystem, accelerate technology adoption, elevate industry standards, and support digital transformation and sustainable practices within the zone. "In an increasingly complex world, success will depend on trusted cooperation and resilient growth networks," Akmal Nasrullah stated during the JS-SEZ Executive Forum.

The success of JS-SEZ will be measured not only by investment announcements but also by project implementation, job creation, skill development, and investor confidence in Malaysia. The zone aims to combine Malaysia's advantages in skilled labor, land, and competitive infrastructure with Singapore's financial prowess, global reach, and world-class service ecosystem. This synergy is particularly attractive to European companies, including those from Italy, known for their expertise in industrial design, high-tech manufacturing, innovation, and engineering, offering them a unique platform to tap into Asia's rapid growth.

For companies from Italy and the entire European Union, JS-SEZ is a very relevant platform because they have strengths in innovation, product development, industrial design, and advanced technology.

— Akmal Nasrullah Mohd. NasirHighlighting the relevance of JS-SEZ for European companies.
DistantNews Editorial

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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