PM unveils 20 ETP Projects, 3 Economic Corridors worth RM26.09 bilion

Datuk Seri Najib Tun Razak announced 20 projects under the Economic Transformation Programme and three Economic Corridors, with cumulative investments totalling RM26.09 billion by 2020.

The Prime Minister said the projects would contribute RM10.07 billion to the Gross National Income (GNI) and create 64,282 jobs.

Najib said that 11 key projects under the ETP would contribute RM1.129 billion to the GNI, bring in RM6.68 billion worth of investments and create 40,021 jobs.

Nine projects under the Economic Corridor would contribute RM8.95 billion to the GNI, rake in RM19.41 billion investment and create 24,261 jobs, Najib, who is also Finance Minister, said in giving the last ETP progress update for the year.

He said that despite continuing global uncertainties, Malaysia remained an attractive investment destination and its growth remained strong.

In the Oil, Gas and Energy National Key Economic Areas (NKEAs), Najib said Seaport Worldwide Sdn Bhd would invest over RM1 billion in developing phase one of the Tanjung Bin Petrochemical and Maritime project.

Covering a total development area of 2,255 acres, the area has been gazetted as a Free Trade Zone with a 99-year leasehold tenure, he said.

It will complement other projects in Johor, which will drive Malaysias ambition to be Asia-Pacifics petroleum storage and trading hub, he said.

In the greater Kuala Lumpur NKEA, Nusa Gapurna Development Sdn Bhd will be investing RM5.23 billion in a massive project to regenerate and revitalize the Petaling Jaya old township.

"The PJ Sentral Garden City development, which will cover some 40 acres, is poised to be the new green central business district of Selangor, supporting Kuala Lumpur and other business hubs around the city and the state, he said.

Under communication, content and infrastructure, GPSTech Solutions Sdn Bhd will invest RM16.2 million through the Malaysian Public Transport System (MyPUTRAS).

This is a free online smart portal and smartphone application and will be made available by year-end.

In the business Services NKEA, CRF Computer Recovery Facility Sdn Bhd (CRF) will invest RM 15.5 million in its 60,000 sq ft data centre.

In Healthcare, Amanjaya Specialist Centre Sdn Bhd will invest RM40.3 million, Love On Wheels Healthcare Services Sdn Bhd (RM68.56 million), Medical Innovation Ventures Sdn Bhd (RM8.92 million), Vigilenz Medical Devices Sdn Bhd (RM25.8 million) and Straits Orthopaedics (Mfg) Sdn Bhd (RM76.38 million).

Najib said the investments will help reinforce Malaysias growing reputation as a regional centre for medical tourism.

In tourism, Jewel of Mabul Development Sdn Bhd, the developer of Alorie Lepa Lepa Resort, will invest RM168.4 million.