MELAKA, 20 December – Investment activities in Melaka continue to attract attention following various initiatives and plans spearheaded by the State Government under the leadership of Chief Minister Datuk Seri Utama Ab Rauf Yusoh.

The Chief Minister’s target of achieving RM10 billion in investments this year is seen as a realistic benchmark that must be met.

This ambitious target reflects Melaka’s aggressive phase in attracting more investors, both domestic and international, especially to invest in the historic state.

In his speech at the Melaka Industrial Night last February, the Chief Minister said the State Government has outlined several strategies to stimulate long-term economic development up to 2035 under Flagship 1 of the Melakaku Maju Jaya Strategic Plan 2035 (PSMJ2035).

According to him, the plan outlines 25 initiatives for holistic economic development, covering the manufacturing sector, investments, finance, development of the Straits of Melaka Waterfront Economic Zone (SM-WEZ), and TVET development to support human capital needs.

As such, he remains optimistic that this focus will further enhance investment potential and position Melaka as a leading investment destination in the region.

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MCORP TO DEVELOP THREE NEW INDUSTRIAL ZONES

The Chief Minister announced that to realise this vision, Melaka Corporation (MCORP) will develop three new industrial areas:

• MCORP Hi-Tech Park (5,000 acres)
• German Technology Park (460 acres)
• Elkay 2.0 (601 acres)

“The State Government has obtained approval from the Ministry of Economy, through MCORP, to implement three projects this year involving preliminary physical works for agencies under the ministry, with a total development allocation of RM4.4 million.

“These high-tech industrial developments are expected to meet the demands of investors and foster partnerships that can elevate Melaka’s industrial growth to a global level,” he added.

This move is also part of the effort to empower Invest Melaka, a subsidiary under MCORP, to act as a facilitation and investment development centre.

“Invest Melaka will lead the state’s Investment Promotion Agency (IPA) in collaboration with local authorities (PBT), departments, and technical agencies, sparking the formation of the Melaka Industrial Booster (MIB) Secretariat Committee,” he said.

Ab Rauf explained that MIB will act as the First Point of Contact for managing investment facilitation in Melaka, ensuring that application and investment processes are handled more systematically and efficiently.

“This will open up opportunities for both local and international investors to invest in various economic sectors in Melaka,” he said.

The State Government will also establish the Melaka Center of Excellence to support industry needs and strengthen human capital development in employment opportunities.

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GERMAN TECHNOLOGY PARK – A NEW INVESTMENT CATALYST IN MELAKA

The German Technology Park, to be jointly developed by Teladan Setia Sdn Bhd, Melaka Corporation (MCORP), and Jakel Capital, is designed to attract leading technology and manufacturing companies from Germany. The park aims to become a hub for innovation and sustainable development in Southeast Asia.

According to MIDF Research, there are currently over 700 German companies in Malaysia, providing more than 70,000 jobs for locals.

Teladan Setia, MCORP, and Jakel Capital have signed a Memorandum of Understanding (MoU) to jointly explore and develop energy solutions for the German Technology Park in Melaka.

The MoU outlines a shared goal to manage the planning, generation, and distribution of at least 1,000 megawatts (MW) of power to the park over the next five to seven years.

The consortium structure allocates 51% equity to Jakel Capital, 29% to Cypark Resources, and 20% to MCORP, with a projected capital expenditure of RM4 billion.

The project will integrate renewable energy sources and modern energy management systems, including battery storage solutions, to ensure a reliable and cost-effective power supply to the park. It also includes ongoing discussions with Tenaga Nasional Bhd (TNB) and the Energy Commission through the Corporate Green Power Programme (CRESS).

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TARGETING HIGH-TECH MANUFACTURING INVESTORS

In May, Deputy State EXCO for Investment, Industry, and TVET Development, Datuk Khaidhirah Abu Zahar, stated that various aggressive measures are being implemented to attract more investors, especially in the high-tech manufacturing sector, to establish operations in Melaka.

She highlighted that, in addition to Melaka’s investor-friendly status, the proposal to establish several new industrial areas has gained attention and boosted investor confidence, including among multinational corporations.

“Melaka will remain active and aggressive in attracting investors to the state, especially with the development of new industrial sites such as the German Technology Park, MCORP High Tech Park, and Elkay Industrial Park, which will provide comprehensive facilities for them to operate here.

“We guarantee that, with cooperation from agencies such as MIDA, local authorities (PBT), and other relevant bodies, investors will find the process smooth and efficient.

“The State Government is committed to providing the best opportunities for them through the provision of comprehensive infrastructure and support services,” she said.

Source: Melaka Hari Ini

MELAKA CITY, 7 May – Melaka Corporation (MCORP) will collaborate with tourism industry players in the state to attract more visitors to the Panggung Bangsawan (Traditional Malay Opera Theatre) in conjunction with Visit Melaka Year 2024 (TMM2024).

Its Chief Executive Officer, Datuk Mohd Yusof Abu Bakar, said the corporation is currently in negotiation with several key tourism players, involving both government agencies and private sector companies.

He said the purpose of these negotiations is to appoint tourism industry players as agents to promote Panggung Bangsawan to tourists.

“MCORP will collaborate with all tourism players to serve as promotional agents for Panggung Bangsawan and to assist with ticket sales for a variety of scheduled performances from June to December.

“So far, we’ve held discussions with the State Tourism Promotion Division (BPP), the Melaka River and Coastal Development Corporation (PPSPM), as well as several private tourism companies,” he told Melaka Hari Ini.

He shared this during the Launch Ceremony of Panggung Bangsawan Melaka, officiated by Chief Minister Datuk Seri Utama Ab Rauf Yusoh last night.

Also present were State Legislative Assembly Speaker Datuk Wira Ibrahim Durum; State Financial Officer who is acting as State Secretary Datuk Salhah Salleh; and State Executive Councillor for Tourism, Heritage, Arts and Culture, Datuk Wira Abdul Razak Abdul Rahman.

Joining them were State Executive Councillor for Health, Human Resources and Unity Ngwe Hee Sem; Deputy Executive Councillor for Investment, Industry, and TVET Development and also Deputy Chairman of MCORP, Datuk Khaidhirah Abu Zahar; and other dignitaries.

Elaborating further, Mohd Yusof said that one of the strategies to attract visitors includes group packages.

“For example, visitors who purchase bundled tickets may enjoy both the Melaka River Cruise (MRC) and programs held at Panggung Bangsawan.

“MCORP will also be looking for sponsors to support the operations of Panggung Bangsawan to ensure the success of various planned programs throughout the year,” he added.

Source: Melaka Hari Ini

AYER KEROH, 6 May – The organisation of the Melaka Corporation (MCORP) Hari Raya Open House with its subsidiaries and strategic partners served as a platform to strengthen existing networks and collaborations among various parties.

Its Chief Executive Officer, Datuk Mohd Yusof Abu Bakar, said the event was also held as a token of appreciation to the many parties that have supported MCORP’s progress.

“Guests included MCORP’s strategic partners such as representatives from government agencies and investors. While celebrating Syawal, this gathering also allowed them to meet in person, hold discussions, and exchange ideas beneficial to the development of the State of Melaka.

“We also invited MCORP clients as guests. Through programs like this, we are able to meet more people,” he said when met at the MCORP Hari Raya Open House with Subsidiaries and Strategic Partners held at the Melaka International Trade Centre (MITC) today.

Joining in the celebration were Chief Minister Datuk Seri Utama Ab Rauf Yusoh; Senior EXCO for Housing, Local Government, Drainage, Climate Change and Disaster Management, Datuk Rais Yasin; State EXCO for Health, Human Resources and Unity, Ngwe Hee Sem; State EXCO for Youth, Sports and NGOs, VP Shanmugam; and MCORP Deputy Chairman, Datuk Khaidhirah Abu Zahar.

According to Mohd Yusof, more than 20 types of festive dishes such as satay, rendang, ketupat, and lemang were served for the guests.

“The food for the event was prepared by the subsidiaries and respective departments. We expect over 5,000 guests to attend and enliven the open house,” he added.

Source: Melaka Hari Ini

KUALA LUMPUR, 22 March – Riverwell Resources Sdn Bhd, a wholly-owned subsidiary of Teladan Group Bhd, has signed a Memorandum of Understanding (MoU) with Melaka Corporation (MCORP), a state government development agency, to develop a 138.07-hectare German Technology Park in Ayer Panas, Melaka.

In a filing to Bursa Malaysia, the company stated that the proposed project aims to attract German investments to Melaka while strengthening Malaysia-Germany economic ties.

“It will encompass various industrial developments including industrial bungalow lots, semi-detached factories, shop offices, and centralized labour quarters,” it said.

Under the MoU, both parties will collaborate on the feasibility study and development planning of the proposed project.

“The agreement aims to leverage Teladan’s construction expertise and its landbank located along Jalan Gapam.

“At the same time, MCORP will lead the development and sales of the proposed project,” it added.

The project is built upon the strong trade relations between Malaysia and Germany, which have grown significantly over the past decade.

It noted that Germany remains Malaysia’s top trading partner in the European Union, while Malaysia is now Germany’s largest trading partner in Southeast Asia.

Furthermore, Malaysia continues to be an attractive destination for foreign direct investments, with German companies having invested €8.5 billion (RM43.61 billion) as of 2023.

Teladan’s Managing Director, Richard Teo Lay Ban, said that with a proven track record after developing over RM2.9 billion in total gross development value (GDV) across residential, commercial, and industrial projects, the group is confident in its contribution to the success of the proposed project.

As of 31 December 2023, the group holds 433.62 hectares of undeveloped land bank, with the Melaka portion having a potential GDV of RM2.7 billion. – BERNAMA

Source: Melaka Hari Ini

KUALA LUMPUR, 22 March – The State Government, through Perbadanan Melaka (MCORP), signed two memorandums for the development of the German Technology Park (GTP) Melaka during a ceremony held at a hotel today.

The Memorandum of Understanding (MoU) between MCORP and the Malaysian Investment Development Authority (MIDA) aims to market and promote GTP through MIDA’s trade and investment missions, particularly to German-related investors in Malaysia and internationally.

Meanwhile, another MoU was signed between MCORP and eight landowners for the development of GTP on a new industrial area covering 341.18 acres (138.07 hectares), which will be developed in Bandar Hijau, Hang Tuah Jaya, Ayer Keroh.

The project is currently in its early phase, focusing on the business model planning between MCORP and the eight landowners, who are also strategic partners in the development of GTP.

The GTP infrastructure development, which will incorporate elements of Environmental, Social & Governance (ESG), Sustainable Development Goals (SDGs), and the Green Building Index (GBI), is expected to be completed and open for sale by 2026.

The MoUs were witnessed by Chief Minister Datuk Seri Utama Ab Rauf Yusoh and the German Ambassador to Malaysia, Dr. Peter Blomeyer.

Also present were the State Secretary, Datuk Wira Zaidi Johari; Deputy State Executive Councillor for Investment, Industry, and TVET Development, Datuk Khaidhirah Abu Zahar; MIDA Chief Executive Officer, Datuk Wira Arham Abdul; and MCORP Chief Executive Officer, Datuk Mohd Yusof Abu Bakar.

The event was also attended by other state government leaders, department heads, and distinguished guests.

Source: Melaka Hari Ini