19 new projects for Malaysia Economic Transformation Programme
Malaysian Prime Minister Najib Razak today gave a 100th day progress report on the country’s Economic Transformation Programme (ETP), announcing 19 new ‘Entry Point Projects’ which will contribute RM67 billion (US$21.8 billion) in investment, RM36 billion in Gross National Income and 35,000 new jobs.
Big-hitting highlights were a number of major oil & gas infrastructure projects and the introduction of a group to study the potential of nuclear energy in Malaysia. The projects also help fulfill Malaysia’s ambitions to become a regional data and technology hub, a center for medical research and electronics production, and a magnet for students and tourists. The ETP also seeks to bring Malaysian talent back to the country from overseas to fill the new roles, and transform mass transit infrastructure in the Kuala Lumpur/Klang Valley area.
A full list of new projects is after the jump:
Malaysia’s 19 new Entry Point Projects are categorized into 10 National Key Economic Areas (NKEAs):
1. Oil, Gas & Energy:
- Shell Malaysia will upgrade and expand its existing facilities to the tune of RM5.1 billion ($1.66 billion), focusing on production and distribution;
- Dialog Group Berhad, in cooperation with the State Government of Johor and Vopak, will spend RM5 billion on a deepwater petroleum terminal at Pengerang, Johor;
- The Malaysia Nuclear Power Corporation will be established to investigate the potential for nuclear power in Malaysia to meet future demand and diversify energy sources.
- UM Holdings Sdn Bhd will invest RM1.25 billion ($400 million) to establish the Universiti Malaya Healthcare Metropolis in Petaling Jaya, Selangor, a huge two million sq ft facility incorporating healthcare services, biotech research and medical education;
- Teluk Datai Resort Sdn Bhd and its partners will spend RM1 billion upgrading and expanding its existing facilities and building new hotels in Pulau Langkawi;
- YTL Group will develop a deluxe family resort for RM75 million in Pulau Gaya, in the islands off the coast of Kota Kinabalu in Borneo.
4. Electrical & Electronics:
- The under-construction AUO SunPower facility producing solar photovoltaic (PV) cells and costing RM2.2 billion, will be fully operational by 2013.
- A new ‘high value herbal plantation’ at Pasir Raja in the East Coast Economic Region will supply herbs to the ‘nutraceutical’ and botanical drug market.
6. Communications Content & Infrastructure:
- SelecTV will invest RM30 million ($9.77 million) in setting up an Internet Protocol TV (IPTV) system, beaming Malaysian-made TV programs into hotels across Malaysia, Indonesia, Thailand and the Middle East.
7. Business Services:
8. Wholesale & Retail:
- MINES Resort City will spend RM3 billion ($977 million) over the next decade to become MINES Wellness City, an integrated health and wellness resort.
- Skills Malaysia 2011 is an initiative to provide new vocational opportunities to graduating students and upgrades for unskilled workers.
10. Greater Kuala Lumpur/Klang Valley:
- The area’s Mass Rapid Transit (MTR) project, costing RM36.6 billion ($11.9 billion), should improve significantly traveling times and schedules for residents and reduce pressure on roads.
source: Pemandu (press release)
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