He added that the co-investment fund also aims to enable these SMEs to scale up and go global, especially in areas such as capacity expansion, tech adoption and sustainability.
“This financing effort will complement the policy and infrastructure incentives being introduced under the Johor-Singapore SEZ, ensuring a more holistic enabling framework,” he said.
Under Malaysia’s New Industrial Master Plan (NIMP) 2020, the co-investment fund will become a “key financing instrument” for industrial growth in the zone, Mr Zafrul said.
Malaysia’s Budget 2026 has also allocated RM650 million through the Skills Development Fund Corporation to support talent development for sectors targeted under the NIMP 2020, he said.
