Penaga Research & Consultancy said anchored within the Johor-Singapore Special Economic Zone (SEZ), the project reflects a complementary axis where Singapore provides trading infrastructure while Johor offers land and terminal capacity.

"According to a recent report by Penaga Research & Consultancy, the escalating conflict in the Middle East has increased disruption to global oil supplies, as nearly 20% of the world's supply depends on the Strait of Hormuz route."