Focus industries

Malaysia is taking bold steps forward to transform into a high income nation by 2020 with the Economic Transformation Programme (ETP).

By 2020, the ETP aims to increase Gross National Income (GNI) to just over RM1.7 trillion (USD482 billion) which is 2.5 times 2009’s GNI of RM660 billion (USD187 billion).In order to deliver growth for the 12 National Key Economic Areas (NKEAs), the ETP focuses on Entry Point Projects (EPPs) and Business Opportunities (BOs). These are developed through collaborations between the public and private sectors.

Greater Kuala Lumpur/ Klang Valley

Initiatives under Greater Kuala Lumpur/Klang Valley (GKL) are anchored geographically to develop the region as the pulse of Malaysia’s commercial activities. Opportunities in this sector are centred on transforming it into a world-class city and global economic hub, with activities focused on supporting the country’s economic growth and improving the region’s liveability.

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Initiatives undertaken in the Agrculture sector are targeted at moving the industry towards agri-business, increasing agriculture productivity and creating entrepreneurs in the sector.

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Business Services

The Business Services sector aims to raise Malaysia’s expertise and capabilities in selected sectors in which the country can create a niche. These include maintenance, repair and overhaul (MRO) services, shared services and outsourcing, data centres, green technology, pure-play engineering services, and shipbuilding and ship repair. 

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Communication, Content & Infrastructure

The Communications Content and Infrastructure sector is focused on implementing policies and communications infrastructure required for the creation of a knowledge-based economy in tandem with Malaysia’s transformation into a high-income, developed nation.

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Efforts in this sector are multi-targeted to ensure the availability of education and support reskilling opportunities for all levels of society, from pre-school to tertiary education and technical education and vocational training.

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Electronics & Electrical

Having built its capabilities in Electrical and Electronics manufacturing, this sector has embarked on a new growth phase to revitalise the local industry, achieve higher yields and lay the foundation for long-term sustainability. 

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Financial Services

As the backbone of the Malaysian economy, developments in this sector are focused on expanding the country’s financial system in tandem with the needs of a high-income nation. The government has taken steps to gradually liberalise segments within the sector, opening up room for further foreign investor participation. 

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With Healthcare readily available to most of Malaysia’s population, developments in this area are focused on providing high-quality and affordable healthcare to Malaysians, while exploring new opportunities for growth in the industry with the private sector.

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Oil, Gas & Energy

With Malaysia traditionally being a net exporter of oil, this sector is abound with opportunities to expand into the downstream segment, increasing local production and exploring renewable energy sources. Among key areas of focus under this sector are to encourage partnerships between local and international companies to facilitate the transfer of technology. 

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Malaysia Petroleum Resources Corporation (MPRC) was established to develop the oil and gas services and equipment (OGSE) industry in Malaysia and leverage on its strategic geographical location to transform the country into a thriving regional hub for the industry.

Formed in April 2011 as an agency reporting to the Prime Minister’s Department, MPRC was mandated to make Malaysia the #1 Asia Pacific OGSE hub. To achieve this goal, MPRC continues to attract international players and grow regional champions amongst local players by connecting Malaysia to the world and facilitating a stronger ecosystem for the industry.

As the country's OGSE development agency, MPRC provides policy recommendations for the sector and helps to promote, catalyse and globalise local OGSE capabilities in the upstream, midstream, and downstream segments.

MPRC also facilitates partnerships and joint ventures between local companies with global MNCs, research institutions and academia in order to encourage greater involvement in research and development activities, technology transfer as well as talent training and development.

Palm oil

This sector is one in which Malaysia has become a global leader, with future prospects focused on achieving higher value-add to the sector, improving productivity and using new technologies. 

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The Tourism sector seeks to attract high-yield tourism, targeting leisure and business tourism to grow tourist arrivals and receipts.

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Wholesale & Retail

Domestic consumption represents a key driver of economic growth, and initiatives in the Wholesale and Retail seek not only to further support this, but to transform Malaysia into Asia’s retail hub.

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