Prime Minister Datuk Seri Najib Tun Razak yesterday announced 27 Entry Point Projects (EPPs) and 32 Quality Living Projects in the Iskandar Malaysia economic corridor.
The projects were expected to woo RM139.3 billion in cumulative domestic and foreign investments, he said.
To be implemented between this year and 2020, the projects would generate RM25.57 billion to the Gross National Income (GNI), said Najib, who is also Finance Minister.
The EPPs and Quality Living Projects, which formed part of the Corridor Transformation Programme and Quality Living Project, were expected to create 68,000 jobs in tourism, education and oil and gas sectors, he said when launching the programme and Iskandar Malaysia City at Persada Johor here.
Najib’s wife, Datin Seri Rosmah Mansor, and Menteri Besar, Datuk Abdul Ghani Othman, were present.
Najib said the programme was ‘hatched’ by the City and Corridor Laboratory between September and November last year under the supervision of the Performance Management and Delivery Unit (Pemandu) in the Prime Minister’s Department.
The Prime Minister said the 27 EPPs in Iskandar Malaysia entailed three economic sectors – tourism, education and oil and gas, with the targeted GNI of RM25.3 billion until 2020.