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ISKANDAR PUTERI: The state government is planning to establish the Johor Investment Company (Jico) in Singapore soon in an effort to boost bilateral relations with its neighbor through the Causeway.
Mentri Besar Datuk Hasni Mohammad said Jico’s main role was to improve and facilitate trade between Johor and Singapore.
“We have presented our intention to establish Jico in Singapore to Wisma Putra, the Ministry of International Trade and Industry (Miti) and the Malaysian high commissioner there.
“Jico will be led by state officials, and this would be a good opportunity for them to gain experience working in an international area,” said a press conference after the opening of the Johor state assembly in Bangunan Sultan Ismail here on Thursday (14 of May )
On the state government’s plan to review and strengthen the Singapore-Johor-Indonesia (Sijori) growth triangle, the Benut Assemblyman said he had already informed Prime Minister Tan Sri Muhyiddin Yassin, whom he said he supported the idea.
“We will have our first discussion on the subject after Hari Raya Aidilfitri, which would involve representatives of these two countries,” he added.
Sijori was launched in December 1989 and is a tripartite agreement between Singapore, Johor (in Malaysia) and Riau (in Indonesia) that seeks to exploit the competitive strengths of the three areas and make the subregion attractive to regional and international investors.
The growth triangle links Singapore’s logistics, transportation and financial facilities to Johor and Riau’s natural and labor resources.
The development of the growth triangle is largely led by the private sector, with the government facilitating the flow of goods, services, investments and people.
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