MELAKA: A plan is in the works to create a new economic corridor to attract high-impact investments to the state, says Datuk Seri Sulaiman Md Ali.
He said this would be known as the Melaka Waterfront Economic Zone or M-Wez, worth about RM100bil.
Sulaiman, who will mark his first year as the Melaka Chief Minister on Tuesday (Mar 9), said M-Wez was one of the development projects under Melaka's comprehensive development plan comprising short-, medium- and long-term plans for 2020 to 2035.
"We have a rich history of being a trading hub that goes back 700 years but today we are behind other states," he said on Monday (Mar 8).
Sulaiman said there are several strategies being planned to turn Melaka into an important state for maritime innovation as well as to strengthen the state's tourism industry, cultural and digital sectors.