In the grand opening ceremony of Forest City, Prime Minister Dato’ Seri Najib Tun Razak said, “To ensure the success of Forest City, I am pleased to declare duty free zone area at Forest City, enabling local residents, businesses and tourists to benefit from the work, live and play environment.”.
Among the amenities, by end 2016, Forest City will be expecting its’ first duty-free shopping mall at the Fisherman’s Wharf on Island 1 of Forest City, which will carry a wide range of leading international brands and products, with the attraction of a five star boutique hotel beside.
Mo Bin, Chief Executive Officer of Country Garden Holdings, said: “With Forest City gazetted as a duty-free zone, it has boosted Forest City’s position as an international destination and put Iskandar Johor on the world map. It is also in line with our vision to enhance the prosperity of Forest City to upgrade the infrastructure within the region with the available incentives to help create a vibrant city.”.
Source : http://www.businesswire.com/news/home/20160305005033/en/Forest-City-granted-duty-free-zone-status-corporate