Malaysia set to launch Forest City Financial Zone, but will it lure businesses?

Malaysia must offer more than tax incentives to attract financial and insurance players to support the Forest City project’s revival, experts and industry insiders suggest, as the government plans to launch the Forest City Special Financial Zone (SFZ) on Friday. The US$100 billion Chinese-led mega-project, led by Prime Minister Anwar Ibrahim, has faced significant delays, and the SFZ aims to inject new life into the development. The success of the SFZ will depend on additional measures beyond tax incentives to entice stakeholders to participate in the project.

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