The three local companies intend to invest a total of 710 million yuan in the Rou New Special Zone
Datonic Khairussaleh Ramli, President and CEO of Malaya Bank Group, said that these letters of intent reflect all parties' confidence in the strategic value of the Rome New SAR. The bank has always viewed the success of the SAR from a long-term perspective and actively promoted widespread participation from small and medium-sized enterprises (MSMEs) to medium-sized enterprises and multinational corporations in multiple fields. "We believe that inclusion is the cornerstone of building a vibrant, highly integrated and resilient New SAR ecosystem."
In terms of financing support, the Malayan Bank will promote financial support, including green financing and Islamic financing, for the development of emerging key technologies and infrastructure; provide comprehensive trade financing solutions, investment guarantees and credit services to attract foreign capital.
Bank Malaya issued a statement on Monday (May 19) saying that the three Singapore-based companies are Alpine Renewables and Edible Oils (Alpine), Centurion Corp and Thomson Medical Group.
Kangsheng Medical, also listed on the SGX, expressed its interest in investing up to RM1.5 billion in the Johor New Special Zone in the next 10 years, and plans to build Thomson Hospital Iskandariah in Stulang, Malaysia, with an area of about 1.5 hectares.
Shengjie, a worker and student dormitory company listed on the main board of the SGX, said it intends to invest RM300 million to RM500 million in the next five years to double the bed capacity within the Rome New Special Zone.
This proposed world-class comprehensive specialist hospital will be equipped with artificial intelligence assistance tools and set up multiple centers of excellence, including oncology, orthopedics, obstetrics and gynecology, fertility and general surgery, creating about 1,500 positions covering clinical, scientific research, specialist and supporting medical technology fields.
Among the Singaporean companies that submitted their investment letter of intent, Alpine will invest approximately RM350 million through its subsidiary in the next three years to build a renewable energy raw material pretreatment and biodiesel refinery in Tanjung Langsha Industrial Port. The project is expected to have an annual throughput of 600,000 tons of recycled raw oil.
TMC Life Sciences, a subsidiary of Kangsheng Medical, announced the announcement of the above-mentioned hospital on March 10 this year, and introduced that Kangsheng Medical's land area in the area reaches 9.23 hectares, which means that the hospital can expand its area as needed.
At the "Jiangsu-New Special Zone Cooperation Dialogue: Promoting Facilitation" conference on Monday, the Malaysian Economics organized by the conference, expressed that the two sides are interested in cooperation to promote the development of the Jou-New Special Zone and assist Singapore customers in submitting investment intent to the Iskandar Special Zone Development Authority (IRDA).
In addition, Malaysia Bank Malay has also established cooperation with the Singapore Small and Medium Enterprises Chamber of Commerce (ASME) to assist Singapore Small and Medium Enterprises in financing and expand to the Rome New Special Zone and the broader ASEAN market.
Three Singaporean companies have submitted investment letters of intent, intending to invest a total of RM2.35 billion (S$710 million) in the Johor-Singapore Special Economic Zone (JS-SEZ) in the next three to 10 years.
The letter of intent covers four key areas, including financing support, increasing publicity and global visibility through a wide network, collaborative activities and strengthening stakeholder participation, and research and thought leadership.
