Second, the JS-SEZ will also give us the opportunity to leverage on Johor's strengths to overcome our inherent weaknesses. The weaknesses or disadvantages are well-known to everybody – it is our land, it is our manpower, it is our natural resources. So, it gives us the opportunity to build on our strengths and also to leverage the SEZ's strengths to be able to increase our competitiveness.
What is the final objective for this? The final objective is to attract new companies, new investors that hitherto may not have considered Singapore as an investment destination or potentially even maybe, Singapore is a little bit lower on their list of places to invest. It gives businesses a value proposition that hitherto may not have been there in the first place but are now then attracted to this value proposition.
To the Member's question earlier on, as I mentioned in my original reply, there are already Singapore firms that are already there, they are sited there. In our discussions with many of the Singapore firms, they do intend to have operations on both sides. They are looking at the landscape and they will make those decisions in due time. But I think the value proposition, both for the SEZ as a whole, and the unique relative and complementary strengths for both Singapore and Johor, are quite evident.
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