From Rueters FACTBOX-Malaysia to kickstart private investment


Dateline 2010-09-21:

Malaysia on Tuesday outlined ambitious plans to double its national income (GNI) by stimulating $444 billion of investments over the next 10 years, mostly from the private sector.

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OIL AND GAS: It will see investments of 218 billion Malaysian ringgit ($70.30 billion) over the next 10 years, starting with liquefied natural gas facilities in peninsular Malaysia by 2013. A 10-million tonne regional oil storage hub will be built in Johor state, next to Singapore, by 2015 to turn Malaysia-Singapore into an Amsterdam-Rotterdam-Antwerp type hub.

By 2017, Malaysia will be the number one oil services hub in Asia and by 2020, there will be 5 gigawatts (GW) of hydro capacity, 1.25GW of solar and a nuclear plant.

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This entry was posted on Saturday, October 2nd, 2010 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to From Rueters FACTBOX-Malaysia to kickstart private investment

  1. airil says:
    October 4, 2010 at 10:28 am

    “It will see investments of 218 billion Malaysian ringgit ($70.30 billion) over the next 10 years”, is this Government’s fund or foreign investment ??

    Reply
  2. rudy says:
    October 7, 2010 at 11:26 am

    earlier of the year (?) idris jala said that malaysia would be bankrupt by 2020, now 2 weeks ago he said that we need to spend 70 billion until 2020. what is this? a blueprint of how to achieve bankruptcy?

    Reply

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