More logistics investments anticipated
08 Jan 2025
Transport minister says JS-SEZ has larger warehouse facilities than Singapore
THE Johor-Singapore Special Economic Zone (JS-SEZ) is anticipated to attract increased investments from the logistics sector, especially from companies relocating from Singapore to Johor.
Transport Minister Anthony Loke said this is because Johor offers larger warehouse facilities compared to Singapore.
“Singapore still has certain advantages in its airports and ports and the trading, but I think many back-end operations can (potentially) be relocated to Johor.
“We hope to work on this with port operators and authorities,” he said at the CGS International 17th Annual Malaysia Corporate Day 2025 yesterday.
“By fostering innovation and attracting investment, the JSSEZ is set to become a beacon of economic collaboration.
“Similarly, the Asean Highway Network and Trans-Asean Gas Pipeline initiatives underscore our dedication to enhancing connectivity and energy security across the region.”
Loke said the government is also intensifying efforts to modernise and expand Port Klang and the Port of Tanjung Pelepas to enhance capacity and improve throughput.
“Parallel to these efforts, we are exploring the vast potential of the bunkering industry. With a projected annual growth rate of 4.0 per cent and a global market size set to reach US$160 billion by 2030, Malaysia is poised to become a key player in this sector.
“This aligns with our broader goal to enhance the maritime ecosystem.”
He added that digitalisation powered by the Internet of Things and artificial intelligence is enhancing traffic management, road safety and public transport efficiency.
He said the freight systems are evolving with blockchain and digital logistics.
“The Malaysia-Hong Kong Dual Air Cargo Hub and smart port initiatives position us as a regional leader in logistics. These developments align with the Asean Digital Economy Framework, which aims to make the region a global digital powerhouse.”
Source: NST
