- On 11/1/11, Government announced another 19 entry projects (EPPs) worth of RM67bil in private sector investments (involving 10 NKEAs) as part of the actions to transform Malaysia into a high-income nation by 2020.
- The projects, which followed the 18 announced last year, would contribute RM36 billion in gross national income and create 35,000 jobs.
- The 19 projects are focusing on the oil and gas, health and property sectors. The oil and gas industry alone will see at least RM20.1 billion in investments.
Summary of 19 Entry Point Projects
19 Entry Point Projects worth RM67bil involving 10 National Key Economic Areas (NKEAs).
A. OIL, GAS AND ENERGY
1. ExxonMobil>>Investment: Over RM10bil
>>Project: ExxonMobil Exploration and Production Malaysia Inc. and partner Petronas Carigali Sdn Bhd to invest in new oil and gas assets to help meet growing energy needs. Involves multiple projects including enhanced oil recovery activities in the Tapis field; and the development of the Telok project.
>>Start date: Early 2013
2. Shell Malaysia>>Investment: RM5.1bil
>>Project: Upgrade, expand or build facilities in all level of activities across the country. Projects include the expansion of the Shell MDS wax plant in Bintulu, a new diesel processing unit at the Port Dickson Shell Refinery and the Gumusut deepwater development in Sabah.
>>GNI Impact: RM2.9bil (at plateau production level)
>>Potential Jobs: 1,650 over the construction period
3. Dialog Group Bhd: Independent Deepwater Petroleum Terminal in Pengerang, Johor
Investment: RM5bil
>>Project: Develop a terminal with a total petroleum storage capacity of about five million cubic meters.
>>Potential Jobs (by 2020): 5,000 throughout construction and operation.
4. Malaysia Nuclear Power Corporation>>Purpose: Lead planning on possible use of nuclear energy to meet country’s energy demands. >>Dr Mohd Zamzam Jaafar appointed as the chief executive officer.
Current development timeline: 11 to 12 years from pre-project to commissioning.
B. BUSINESS SERVICES
Malaysia as a world-class data centre hub
>>Total Investment: RM671.6mil (3 companies)
>>Project: Develop new and upgrade current facilities to ensure sufficient data centre floor space to meet increasing demand.
C. AGRICULTURE
High-value herbal plantation in Pasir Raja GNI Impact (by 2020): RM2.2bil
>>Project: Cultivate herbs that are in high demand for the production of nutraceuticals and botanical drugs.
>>Potential Jobs: 285
D. HEALTHCARE
1. Universiti Malaya Health Metropolis>>Investment: RM1.25bil (excluding land costs)
>>Project: Health Metropolis, which includes a new hospital wing, research and education centre, would be developed as the country’s premier medical hub and as one of the centres of excellence for medicine and bioscience in the region.
>>Potential Jobs (by 2020): 10,400 in healthcare and support staff.
>>GNI Impact (by 2020): RM986mil
2. Hovid: Hovid Objective PharmaceuticalExcellent>>GNI Impact: RM50mil
>>Project: Develop generic drugs including for the treatment of diabetes (Metformin 850mg MR) and painkiller (Tramadol 100mg SR).
>>Joint project between Hovid Bhd and Winthrop Pharmaceuticals, a subsidiary of Sanofi-Aventis Group.
E. TOURISM
1. Teluk Datai Development Plan>>Investment: RM1bil
>>Project: Teluk Datai Resorts Sdn Bhd to develop 300 acres of land in Langkawi by 2014. Includes the upgrading of The Datai Hotel and golf course, and development of premium hotels and luxury villas for sale.
2. YTL Group: Pulau Gaya Development>>Investment: RM75mil
>>Project: The construction of a Pulau Gaya Resort in Sabah with a spa village and 132 spacious hillside and sea-front villas.
F. ELECTRICAL AND ELECTRONICS
AUO Sunpower>>Investment: RM2.2bil
>>Project: Construction of a new solar facility in Malacca to generate more than 1,400 megawatts of high-efficiency solar cells annually. Potential Jobs (by 2012): 4,069
G. EDUCATION
Skills Malaysia 2011>>Purpose: Upgrade unskilled workers and raise awareness of post-SPM education opportunities through roadshows and a skills sompetition.
H. COMMUNICATIONS CONTENT AND INFRASTRUCTURE
SelecTV: Hospitality IPTV>>Investment: RM30mil
>>Project: Distribute Malaysian content to local and international hotels including in the middle east, Thailand and Indonesia.
>>GNI Impact: RM90mil
I. WHOLESALE AND RETAIL
Mines Wellness City by Country Heights Group of Companies>>Investment (by 2020): RM3bil
>>Project: To develop an integrated health and wellness resort as a one-stop destination for modern and complementary medicine.
>>GNI Impact: RM5bil over 10 years
>>Potential Jobs: 11,000 over 10 years.
J. GREATER KL/KLANG VALLEY
1. Damansara City 2>>Investment: RM1.9bil
>>Project: Integrated development in Pusat Bandar Damansara by GuocoLand Malaysia. The next iconic landmark will comprise two office blocks (totalling 845,000 sq feet) and retail blocks (290,000 sq feet), a 300-room hotel and a 260-unit service apartment.
2. Mass Rapid Transit>>Investment: RM36.6bil for three lines (without land acquisition and rolling stock)
>>Project: Connecting Greater KL to ease congestion and increase accessibility to, from and within the city.
>>GNI Impact: RM21.3bil incremental GNI
>>Potential Jobs: 130,000 at its peak with multiplier impact.
3. Talent Corporation>>Purpose: Implement initiatives to attract best talents to fill the 3.3 million positions to be created by the various National Key Economic Areas (NKEAs).
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