The projects would generate almost 67 billion ringgit (21.8 billion U.S. dollars) in investment, 36 billion ringgit (11.7 billion U.S. dollars) in gross national income and create 35,000 new jobs.
These projects that come under the national Economic Transformation Program would see major investments in the sectors of healthcare, business services, as well as oil, gas and energy.
ExxonMobil Exploration and Production Malaysia Inc., in conjunction with its production sharing contract partner, Petronas Carigali Sdn Bhd, plans to invest over 10 billion ringgit (3.2 billion U.S. dollars) in new oil and gas assets to help ensure reliable energy supplies for Malaysia.
Najib said the Malaysian government was studying the possibility of deploying the energy to meet future demand and diversify the energy mix for Peninsula Malaysia.
Malaysia's national university, the Universiti Malaya, planned to set up a world class health metropolis at its campus in Petaling Jaya, the adjoining city of the country's capital Kuala Lumpur in another ambitious 1.25 billion ringgit (407.2 million U. S. dollars) investment.
The metropolis will serve as Malaysia's premier medical hub and a critical part of the ASEAN healthcare ecosystem.
Once established, the metropolis will have patient services, research and healthcare education located at the campus, benchmarking global examples like Harvard University's Longwood Medical Area and Stanford University's Bio-X Center.
The project is due to begin by the fourth quarter of this year and completed by the first quarter of 2020.
Najib's announcement on Tuesday was part of the transformation program introduced last year to drive the country's economy forward.
So far, 131 entry point projects have been outlined under the program.
Source: Press release
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