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Tech giants to contribute RM8.68 billion to Malaysia Gross National Income

 

          Technology giants IBM and Toshiba, two Fortune 500 companies, are among those set to carry out their projects in Malaysia, with an investment of RM1 billion and RM268 million respectively.

KUALA LUMPUR (Nov 10, 2011): Prime Minister Dato' Sri Najib Razak today announced nine new Entry Point Projects (EPP) and four others which were recapped, with a total investment value of RM5.85 billion. Najib in his speech at the ninth Economic Transformation Programme (ETP) progress update, said the new projects are expected to contribute RM8.86 billion to the country's Gross National Income (GNI) and create an estimated 16,092 jobs.

 

Technology giants IBM and Toshiba, two Fortune 500 companies, are among those set to carry out their projects in Malaysia, with an investment of RM1 billion and RM268 million respectively. Under the Greater KL National Key Results Area, IBM will be developing its new global delivery centre in Cyberjaya over the next five years.

 

"The centre will help IBM deliver information technology services capabilities to its high-value enterprise clients from various industry sectors around the world, further strengthening Malaysia's position as a hub of skilled IT experts in this region," Dato' Sri Najib Razak said, adding that a total of 3,000 skilled jobs are expected to be available.

- Gombug.Net

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Dato' Sri Najib Razak present at the ETP progress update ceremony were Minister in the Prime Minister Department and Pemandu CEO Datuk Seri Idris Jala, along with EPP partners.

Meanwhile, Najib said Toshiba will be locating its regional operational headquarters to Malaysia and is expected to create 668 jobs by 2016. He added, both projects by IBM and Toshiba will be facilitated by InvestKL and Malaysia Investment Development Authorities (MIDA). Other large scale investments include a boost to the Healthcare National Key Economic Area (NKEA), with particular focus on attracting foreign patients.

 

"KPJ Healthcare Berhad will be investing RM763 million to build five hospitals offering a total of 822 beds over the next three years," said Najib. The investments are expected to create 3,160 jobs and contribute RM257.6 million in GNI by 2020.

The hospitals are Dato Onn International Specialist Hospital in Johor; Pasir Gudang Specialist Hospital in Johor; Sabah Medical Centre; Bandar Baru Klang Specialist Hospital; and Pahang Specialist Hospital. Under the Communications Content and Infrastructure NKEA, Google Inc will be spearheading a 'Get Malaysian Business Online' initiative which aims to remove barriers which prevent most local businesses from going online.

The remaining five new EPP projects involved various NKEA sectors including agriculture, business services, palm oil as well as electronics and electrical. In total, the ETP since it was launched on Oct 25 last year has recorded RM177.1 billion in committed investment, RM237.23 billion in projected GNI and 389,263 potential new jobs.

A total of 131 EPP projects has also been lined up and to date, 97 projects are in various stages of execution. Present at the ETP progress update ceremony were Minister in the Prime Minister Department and Pemandu CEO Datuk Seri Idris Jala, along with EPP partners.

Nine new Entry Point Projects are:
•  IBM to develop a new Global Delivery Centre in Cyberjaya (investment worth RM1 billion)
•  Toshiba to relocate its regional operational headquarters to Malaysia (investment worth RM268 million)
•  Telekom Malaysia to collaborate with Akamai Technologies in hosting Akamai's only Netstorage facilities in Asia Pacific (excluding Japan) - investment worth RM390,000
•  Esterchem (M) Sdn Bhd to build a new fatty ester and specialty oleo derivative production facility in Prai Industrial Complex (investment worth RM130 million)
•  Agilent Technologies to lead in development of an ecosystem of local design partners to boost Malaysia's offerings of design services, original design manufacturer and solution partners to global players (investment worth RM212 million)
•  Google Inc to spearhead the 'Get Malaysian Business Online' initiative
•  Pegagau Group, a shrimp exporter, to invest in a large scale integrated cage farming method, focusing on high value species such as the grouper (investment worth RM67.7 million)
•  Exotic Star Sdn Bhd, a tropical fruits grower and exporter, to invest in a modern one-stop centre for fruit packaging and processing (investment worth RM80.31 million)
•  KPJ Healthcare Berhad to build five new hospitals with 822 beds (investment worth RM7.63 million)

 



ETP Update Live Stream: http://www.youtube.com

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