JOHOR, Malaysia -- As Malaysia prepares to develop an economic zone with Singapore here in a bid to revitalize the region, it also hopes to breathe new life into a struggling decade-old urban development project nearby by turning it into a financial center.
Economy
Malaysia seeks to revive Forest City 'ghost town' as financial hub
Stalled project near economic zone with Singapore woos family offices with tax perks
Prospects look at a model of Forest City in Johor Bahru, Malaysia in 2017. Years later, the project has drawn a fraction of the residents it envisioned. © Reuters
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