Economic Transformation Programme

12 more projects, initiatives and enablers with RM11.16b investment commitments under eight Entry Point Projects (EPPs)in seven National Key Economic Areas (NKEAs) i.e.

five in “Communication Content & Infrastructure” (CCI),
two in “Electronics & Electrical” and
one each in “Oil, Gas & Energy”, “Tourism”, “Education”,“Wholesale & Retail” and “Business Services”.

They are to generate RM16.62b in gross national income (GNI) and 74,457 new jobs. The
biggest project in this round of announcement is the Karambunai
Integrated Resort City (KIRC) under Tourism NKEA with investment value of RM9.6b (86% of total) generating RM9.319b GNI (56% of total)and 11,002 jobs (14.8% of total) by 2020

41.2% of EPPs, 13.4% of the total EPP investments, 14.3% of the targeted incremental GNI and 9.1% of expected new jobs creations have been confirmed.

Since the official unveiling of the Economic Transformation Programme (ETP) in Oct 2010, the Government made five rounds of updates which confirmed 72 projects, initiatives and enablers in 54 EPPs under 11 NKEAs with investment value of
RM106.4b that are expected to raise RM153.8b in GNI and create 298,865 jobs.

To recap, under ETP, the Government identified 131 EPPs under 12 NKEAs with RM794.5b targeted investment out of the total RM1.4tr investment required in 2011-2020 to raise GNI by RM1.1tr, generate 3.3m jobs and push the nation into a high-income
economy.