KUALA LUMPUR: Malayan Banking Bhd
(Maybank) has signed a letter of intent (LoI) with the Economy Ministry to support the Johor-Singapore Special Economic Zone (JS-SEZ) and facilitate up to RM2.35bil in client investments over the next three to 10 years.
Maybank said the LoI covers four key areas: financing support; promotion and global visibility; collaboration on events and stakeholder engagement; and research and thought leadership.
Under financing support, Maybank will, facilitate financing – including green financing and Islamic financing – for critical new technologies and infrastructure development. It will also provide comprehensive trade finance solutions, investment guarantees and credit facilities to attract foreign direct investments. — Bernama
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