Malaysian SEZ to be biggest in Asia, says premier

[GoFlyKiteNow]

Malaysian SEZ to be biggest in Asia, says premier

Kuantan (Malaysia) (IANS): Malaysian Prime Minister Najib Tun Razak Tuesday launched the country's first Special Economic Zone (SEZ) that he said would be "Asia's biggest".

Located on the east coast in Pahang state, it aims to bring in RM90 billion ($25.6 billion) worth of investments and create 220,000 jobs by 2020, he said at the launch, Star Online reported.

The SEZ, covering an area measuring 25 km by 140 km, would attract more investments to the East Coast Economic Region (ECER), giving a boost to economic activities in the area.

Razak said the SEZ would be the biggest such economic zone in all of Asia.

Investors in the zone will enjoy many incentives, including a 10-year tax exemption, 100 percent investment tax allowance, and exemptions from import and export duties.

"For the first time, investors will be offered incentives that can be customised specially for them," Najib said.

SEZs are planned to boost the recession-hit Malaysia, one of the more prosperous 'tiger' economies of the Southeast Asian region.

 

[jacobsgoh]

Madland is good at starting projects without maintenence, just look at their bridge near their railway station in JB; this SEZ and any future launching projects are deem to FAIL. they are like bowlers who don't follow thru after releaseing the ball.

 

[longbow]

No match for China. As it is Malaysia's cost is higher than China and they have serious logistic and legal implications (bumi). Penang has already been hollowed out because of China so I doubt if this will work. If they located themselves near Singapore they could tap our superior shipping but East coast is in the middle of nowhere

Malaysian SEZ to be biggest in Asia, says premier

Kuantan (Malaysia) (IANS): Malaysian Prime Minister Najib Tun Razak Tuesday launched the country's first Special Economic Zone (SEZ) that he said would be "Asia's biggest".

Located on the east coast in Pahang state, it aims to bring in RM90 billion ($25.6 billion) worth of investments and create 220,000 jobs by 2020, he said at the launch, Star Online reported.

The SEZ, covering an area measuring 25 km by 140 km, would attract more investments to the East Coast Economic Region (ECER), giving a boost to economic activities in the area.

Razak said the SEZ would be the biggest such economic zone in all of Asia.

Investors in the zone will enjoy many incentives, including a 10-year tax exemption, 100 percent investment tax allowance, and exemptions from import and export duties.

"For the first time, investors will be offered incentives that can be customised specially for them," Najib said.

SEZs are planned to boost the recession-hit Malaysia, one of the more prosperous 'tiger' economies of the Southeast Asian region.

 

[tititata]

Malaysia's joke is the biggest in Asia. Can't even get half that size started up in Johor let alone in that God-forsaken state where they cane woman for a glass of beer. I think Kalimantan or Papua should also try this wild imaginative. After all they got bigger pieces of land there!