General : Melaka Targets RM30 Billion In Investments Over Next Five Years - Ab Rauf
MELAKA, Nov 11 (Bernama) -- Melaka is targeting RM30 billion in investments over the next five years, averaging RM6 billion annually, with a focus on the electrical and electronics (E&E), semiconductor and high-technology sectors.
Melaka aims to attract RM30 billion in investments over the next five years, with an average annual investment of RM6 billion. The focus will be on the electrical and electronics (E&E), semiconductor, and high-technology sectors, according to Caretaker Chief Minister Datuk Seri Ab Rauf Yusoh. The state already boasts an active semiconductor and microelectronics industry, supported by several global manufacturers.
Rauf highlighted the German Technology Park (GTP) in Ayer Keroh, a 302-hectare development set to be established through a joint venture between the private sector and the state government. The GTP will follow Germany's structured approach to industrial park management to attract international companies. Notable companies such as Infineon, Texas Instruments, and Koa Denko have already established a presence in Melaka, indicating the state's potential as an investment destination for high-technology industries.
The Melaka government is working to create a business-friendly environment, reduce bureaucracy, and create employment opportunities to attract more investors. The state's strategic location, combined with more competitive land prices and operating costs compared to other regions, provides an advantage for foreign and domestic investment.
The government will continue its international promotional efforts to showcase Melaka's potential as an investment destination, emphasizing its industrial ecosystem, workforce, and supporting facilities.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
