ETP takes off, RM30bil worth of projects signed


  • Nation
  • Monday, 25 Oct 2010

KUALA LUMPUR: The RM1.3tril Economic Transformation Programme (ETP) took off to a great start with nine agreements worth more than RM30bil signed Monday.

Prime Minister Datuk Seri Najib Tun Razak said it was a good start to convince those who had doubted the ETP.

Among the nine entry-point projects are the setting up of a RM214mil wafer fabrication plant by German-based LFoundry in the Kulim Hi-Tech Park and construction of a RM1.2bil six-star hotel and residence in KL Central by St Regis.

Other projects are Mydin's RM1bil investment to open 14 new outlets and assisting small sundry shops via the Tukar project, setting up of RM124mil bio-oil plant in Lahad Datu, Sabah, and the RM26bil KL International Financial District by Mubadala.

He also announced that Malaysia Airports Holding Bhd had awarded a 25-year concession to WCT Bhd to build RM486mil integrated. Complex at KLIA2.

Renowned oilfield services player Schlumberger's Eastern Hemisphere Global Financial Services Hub in Bandar Utama, is part of Greater KL/Klang Valley Initiative, said Najib.

The Higher Education Ministry has also selected Asia e-University as the gateway university for international education for distance and online learning. It is expected to generate RM100mil.

Related Stories: The ETP is a ‘specific programme’ driven by private sector investment No discrimination in ETP projects, says Idris Jala Seven projects under ETP to triple nation’s income Public invited to learn about ETP at Open Day RM118bil worth of ETP projects to take off this year

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