Singapore companies seek early deals in new Johor special zone

CapitaLand, UOB stake projects amid worries over exits from city-state

20250313 Malaysia Johor SEZ CapitaLand Development Nusajaya Tech Park

Singaporean real estate builder CapitaLand Development owns a majority stake in Johor's Nusajaya Tech Park, and is looking to do another similar project in the area. (Photo by Dylan Loh)

DYLAN LOH

SINGAPORE -- Singaporean agriculture technology company Archisen plans to open a new urban vegetable factory in Malaysia's Johor in the second half of this year, with another five sites in the state currently under discussion.

The company, led by 42-year-old CEO Vincent Wei, is among a slew of businesses angling for early deals in a new special economic zone (SEZ) north of Singapore's border.

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