Forest City’s proximity to Singapore, which is an international financial and logistic hub in the region, is an added advantage on how it can complement the island republic.
“Our focus is to assist investors into Forest City’s SFZ,” he said, adding that more soft infrastructure such as talent and connectivity were needed.
Lee described Johor’s financial industry as being quite conventional and the state government is keen to improve the state’s economic landscape by involving more advanced banking as well as capital and bond products.
He said such a move would also complement Singapore’s financial industry and there is a chance for the state government, through Forest City’s SFZ, to develop a new industry in Johor.