PETALING JAYA: The tax incentives offered in the Forest City Special Financial Zone (FCSFZ) have the potential to turn Johor into a financial centre in the south and attract investments into the state, especially from family offices and high-net-worth individuals.
Turning the potential into reality, however, will require a well established and reliable ecosystem, including regulations and infrastructure, upon which a successful FCSFZ can not only help the metropolis shed its “ghost town” image, but also be adopted elsewhere in the country and even abroad depending on its success, said commentators.
