“This shows that the ETP is already showing results,” Prime Minister Datuk Seri Najib Razak said at Putra World Trade Centre (PWTC) when launching the ETP roadmap.
“We will be announcing more confirmed investments in coming months.”
Najib said the government was also currently negotiating with parties interested in 53 other entry point projects (EPP) under the ETP worth US$97 billion (RM300 billion), or almost 45 per cent of the total investment targeted.
He added that in the spirit of transparency, the ETP roadmap will be made available to the public online, where they can also keep up to date with the latest contracts awarded by the government.
“We are proving the sceptics wrong. The early wins show that by focusing on action and not unproductive talk, debates and arguments, results will flow,” Najib said.
He called on the public to put aside their scepticism and suspicions for the greater good of the country, in particular the “much louder” minority who did not believe the government can deliver on its promises.
The nine confirmed projects are:
• LFoundry from Germany to relocate and invest in five wafer fabrication plants in Kulim Hi-Tech Park in Kedah over the next five years. Initial investment is valued at RM214 million while the total estimated investment is RM1.9 billion.
• Hypermarket chain Mydin will invest in 14 new branches over the next three years valued at RM1 billion, and also assist small sundry shops.
• A 208-room hotel and 160-unit residence, to be managed by St Regis, an international six-star hospitality brand, will be built on a 2.2-acre site in KL Sentral. This RM1.2 billion investment will have a total development area of 1.4 million square feet.
• Oilfield services firm Schlumberger recently opened its Eastern Hemisphere Global Financial Services Hub in Malaysia. This is part of the Greater KL/Klang Valley entry point project to attract 100 new multinational corporations to relocate their operations in Kuala Lumpur by 2020.
• Malaysia Airports Holdings Berhad has awarded a 25-year concession to WCT to build and operate an integrated complex at the KL International Airport. The RM486 million complex will comprise a transportation hub for taxis and buses, one block of retail mall and car parks.
• Abu Dhabi government investment vehicle Mubadala and state-owned development company 1MDB will develop the RM26 billion KL International Financial District.
• Premium Renewable Energy will build five bio-oil plants over the next five years. The first plant costing RM124 million will be located in Lahad Datu, Sabah.
• Asia e-University has been appointed by the Ministry of Higher Education as the gateway university, for the development of online and distance learning. The initiative is expected to produce a gross national income of RM100 million.
• Johor Premium Outlets will be located in Genting Indahpura, Johor, a mixed development township which will feature, among others; a hotel, international water theme park and retail outlets. This will attract more tourists to visit Johor, especially from Singapore. The construction and investment cost undertaken by Genting is RM150 million.
