Melaka’s Economic Growth Reaches New Heights
Foreign and Domestic Investments Reach RM5 Billion
Melaka has made significant strides in attracting foreign and domestic investments, with a total of RM5 billion recorded as of last September. This achievement is a testament to the state’s economic potential and confidence in its development, according to Chief Minister Datuk Seri Ab Rauf Yusoh.
Breakdown of Investments
The RM5 billion investment comprises RM0.8 billion from foreign investors and RM4.2 billion from domestic investors. This is a significant milestone for the state, indicating a growing interest in its economic landscape.
Confidence in Melaka’s Development
Ab Rauf highlighted the importance of this achievement, stating that it demonstrates the confidence of foreign investors in the state’s development and economic potential. He also emphasized that this milestone can inspire stakeholders to continue working hard and strengthening cooperation to achieve greater progress for Melaka.
Tourism Sector
Ab Rauf expressed the need to attract investors to the state, particularly in the tourism sector, as Melaka is set to host the World Tourism Day and the World Tourism Conference 2025 this September. He encouraged MCORP to remain optimistic and proactive in enhancing investment promotion efforts to foster a conducive investment climate.
MCORP’s Performance
As of last November, MCORP’s eight subsidiaries recorded a profit of RM7.7 million, a significant increase of RM4.3 million compared to the same period in 2023. This achievement is expected to be a catalyst for further success, demonstrating MCORP’s potential to lead Melaka’s development in a more dynamic and sustainable direction.
Conclusion
Melaka’s economic growth is on the rise, with encouraging investments and a strong performance from MCORP. The state’s focus on attracting investors, particularly in the tourism sector, is expected to bring in more growth and opportunities. With its confidence in the state’s development and economic potential, Melaka is poised for a bright future.
Frequently Asked Questions
Q: What is the total investment in Melaka as of last September?
A: RM5 billion
Q: What is the breakdown of investments?
A: RM0.8 billion from foreign investors and RM4.2 billion from domestic investors
Q: What is the significance of this achievement?
A: It demonstrates the confidence of foreign investors in the state’s development and economic potential, and can inspire stakeholders to continue working hard and strengthening cooperation.
Q: What is the focus of the state in terms of investments?
A: The state is focusing on attracting investors, particularly in the tourism sector, with Melaka set to host the World Tourism Day and the World Tourism Conference 2025 this September.