SINGAPORE (Aug 29): United Overseas Bank (UOB) and Invest Johor, the state's investment agency, have signed a memorandum of understanding (MOU) to “jointly promote and facilitate investment opportunities” in the Johor-Singapore Special Economic Zone, according to a release on Thursday.
Notably, a “green lane” will be established, with UOB as a designated partner to assist with foreign direct investments (FDIs) in prioritised sectors to accelerate their investments.
The bank will work with the state agency to target “high-value, high-technology and high-impact” investments from various priority sectors, such as electrical and electronics, advanced manufacturing and engineering, the digital economy, green economy, life science and medical technology, electric vehicles, aerospace, and port and logistics...(click here for the full story on theedgesingapore.com.)