ASEAN KEY DESTINATIONS
Malaysia unveils more projects
Prime Minister Datuk Seri Najib Razak said of these projects, three promoted growth in the oil, gas and energy industries, two bolstered Malaysia's electronic and electrical services, three focused on drawing higher value from the tourism sector and one improved the country's education for children.
To transform Malaysia into a regional oil and gas hub, he said, Tanjong Agas Supply Base & Marine Services would develop the Tanjong Agas Oil & Gas and Logistics Industrial Park as a one-stop centre to serve and support the rapidly growing regional upstream and downstream activities.
This includes oil and gas exploration and production activities. "With an investment of RM3 billion up to 2012, the project is expected to deliver RM30 billion to the gross national income (GNI) over 10 years and create 30,000 jobs by 2020." Tenaga Nasional Bhd will develop two new hydro plants - Ulu Jelai Hydroelectric and Hulu Terengganu Hydroelectric development scheme - and a large coal-fired power plant in Perak for RM4 billion.
"These are vital to support the economy as it grows. Increased capacity is needed to provide energy to businesses and growing population." The two plants are expected to be operational by 2015 and 2016.
Najib said to cultivate and accelerate firstclass human capital and raise the commercialisation of academic research, an Advanced Engineering, Science and Innovation Cluster was in the making. Leading one part of this initiative is Technology Park Malaysia in collaboration with Universiti Tenaga Nasional and Multimedia University.
Investment for the cluster is expected to be RM374 million by 2020, with a projected GNI of RM636 million and 20,900 jobs.
To attract 157,000 new jobs in the electronics and electrical sector over the next 10 years, Najib said Malaysia was developing projects that fostered higher-value engineering skills.
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