MELAKA TARGETS INVESTMENT TOTAL OF RM10 BILLION BY 2030

/ / News Mcorp

SERI NEGERI, 28 April – Melaka is targeting RM5 billion in new investments annually and expects the total investments flowing into the state to reach RM10 billion by 2030.

Chief Minister Datuk Seri Utama Ab Rauf Yusoh said this projection follows Melaka’s outstanding investment performance, which recorded RM8.18 billion compared to the original target of RM5 billion.

He stated that, to enhance Melaka’s competitiveness, the State Government has planned three developments in strategic industrial areas: the MCORP High Tech Park in Alor Gajah District, the German Technology Park (GTP) in Melaka Tengah District, and ELKAY 2.0 in Jasin District.

“These initiatives are expected to generate more than 50,000 job opportunities and drive the development of a highly skilled local workforce.

“With this strategy, Melaka is poised to emerge as one of the key players in high-technology sectors – from semiconductors to green technology, from automation to machinery and equipment.

“Although the global economy is facing turbulence, there are opportunities waiting behind the storm. Countries are searching for investment destinations that are stable, secure, and strategic. Melaka must present itself as the answer to that search,” he said.

He made the remarks during the Motion of Thanks to the Governor of Melaka at the First Meeting of the Fourth Term of the Fifteenth Melaka State Legislative Assembly at Seri Negeri here today.

At the same time, the Chief Minister also expressed hope for strong commitment and close cooperation between the State Government, the Malaysian Investment Development Authority (MIDA), and the private sector to realise Melaka’s aspiration of becoming an investor-friendly state.

Source: Melaka Hari Ini