LuMIC to attract RM72bil investments, create over 50,000 jobs by 2050

At the launch of Lumut Maritime Industrial City (LuMIC), a strategic collaboration between Perbadanan Kemajuan Negeri Perak (PKNPk) and Port of Antwerp-Bruges International (PoABI), which marks the beginning of a RM72bil development proposal and masterplan to be realised over the next 25 years.

KUALA LUMPUR: The development of the Lumut Maritime Industrial City (LuMIC) in Perak is expected to attract RM72 billion in investments and create over 50,000 job opportunities within the next 25 years, said Perak Menteri Besar Datuk Seri Saarani Mohamad.

He said the project, being developed on a 9,307-hectare site in Segari, will be a major contributor to Perak's economic transformation agenda and is set to begin by 2026, with the first phase targeted to start in 2030.