Tay & Partners | Bridging Borders The Johor-Singapore Special Economic Zone (JS-SEZ) and its Transformative Impact on Regional Growth
Special Economic Zones (“SEZs”) are designated areas within a country that offer a more favourable regulatory framework to encourage both local and international investment. Over the decades, SEZs have played a crucial role in driving economic growth, attracting foreign direct investment, and fostering industrial development. These zones typically provide investment-friendly incentives, such as tax breaks, streamlined regulations, and enhanced infrastructure. A prime example of a successful SEZ is Shenzhen in China, the country’s first SEZ, which has been instrumental in driving China’s economic reforms and continues to be a key player in its growth. Other examples of special economic zones in Asia include the Incheon Free Economic Zone in South Korea, Kendal SEZ in the Centra Java province of Indonesia, the BBK free trade zone comprising of Indonesian islands of Batam, Bintan, and Karimun, the Eastern Special Development Zone of Thailand and the Golden Triangle Special Economic Zone along the border region of Thailand, Laos and Myanmar.
