Wednesday, August 5, 2009

220,000 jobs by 2020: SEZ PM

That's a big number and its not impossible says our prime minister, Datuk Seri Najib Tun Razak. Why? He just lauched the country'sfirst Special Economic Zone (SEZ),

The new economic zone is expected to generate investments worth RM90bil and create 220,000 new jobs by 2020, says media reports today.

The Prime Minister was quoted in the report as saying the SEZ was expected to contribute more job opportunities and yields compared with the East Coast Economic Region (ECER).

The SEZ covers an area of 3,875 sq km from Kerteh in Terengganu to Pekan and Gambang in Pahang.

Najib said the ECER SEZ was part of a new economic model designed by the Government that promises a fairer distribution of wealth and growth to be enjoyed by all.

“One of the projects identified is the Kuantan Port which will get a massive face-lift. Its current annual cargo bulk is expected to increase from 16.8 million metric tonnes to 30 million metric tonnes by 2020.

“It will involve construction of additional berths and wave breakers that will see the port becoming the main entry and exit point for the export and import of goods,” he was quoted as saying.