State government aims to make Melaka an investor-friendly state

MELAKA - The state government aims to set up new industrial zones to ensure the investment and industrial sectors’ continued growth and turn Melaka into an investor-friendly state.

State chief minister Datuk Seri Ab Rauf Yusoh said they would encourage private sector participation to attract high-quality investments, prioritise existing fields and new growth in those with high added value.

"The state government plans to develop a new industrial zone, the German Technology Park and draft the Melaka State Industrial Master Plan.

"In addition, new industrial zones will be developed across Melaka, such as the 2,023-hectare MCorp Hi-Tech Park project in Masjid Tanah, the expansion of the Elkay Industrial Area in Lipat Kajang, Jasin, and the 809.4-hectare industrial area in the M-WEZ economic corridor," he said in his speech at the first session of the Melaka awards investiture in conjunction with the Melaka Yang Dipertua Negeri’s 74th official birthday here today.

Invest Melaka Berhad will be tasked with forming the Melaka State Investment Advisory Committee to facilitate all investment-related matters, he said, adding that the state had managed to achieve its targets of attracting a total of RM8.6 billion in foreign direct and domestic investments last year, the highest total compared to previous years.

Ab Rauf also announced that the state government managed to implement 111 out of 180 initiatives, or 62 per cent, with another 69 currently ongoing.

He thanked the Unity Government led by Prime Minister Datuk Seri Anwar Ibrahim for approving several allocations totaling RM662.46 million to fund 59 new projects and the continuation of 150 other projects this year.

"This includes approving RM25 million for preserving and restoring the Melaka World Heritage Site, and also an early announcement of RM5 million in allocations to promote Visit Melaka Year 2024," he said. - BERNAMA