Southeast Asia Information Port (www.dnyxxg.com) reports that Malaysia is striving to attract investment across various sectors and regions to boost economic development in special economic zones, thereby narrowing development gaps between regions as part of the 13th Malaysia Plan (13MP).
During discussions in the Lower House regarding the 13th Malaysia Plan (13MP), Second Minister of Finance Datuk Seri Amir Hamzah Azizan stated that through cooperation among relevant parties and the introduction of appropriate special incentive policies, Malaysia will focus on developing several sectors, such as electricity and electronics, commerce, freight, rubber processing, and manufacturing.
Kedah and Perlis (bordering Thailand) are expected to develop into regional hubs, further facilitating the transport of goods and resources through the Perlis inland port. As for Pahang, Kelantan, and Terengganu, the government aims to develop these areas into major national food production bases.
Minister Datuk Seri Amir Hamzah Azizan stated that these areas also possess significant development potential in the green economy, and these sectors will be further promoted during the implementation of the 13th Malaysia Plan (13MP).
The government is developing a detailed blueprint to drive the development of the Johor-Singapore Economic Zone (JS-SEZ). To date, JS-SEZ has secured investment commitments totaling RM1.34 billion (approximately US$320 million), with another RM78 million (approximately US$18.45 million) in negotiations. The funding comes from local companies as well as companies from Singapore, China, Germany, the UK, and the Netherlands. (End)
