MELAKA, May 8 (Bernama) -- The Melaka state government has entered into a collaboration with the World Economic Council (WEC) to attract more investors to the German Technology Park (GTP).
Melaka Chief Minister Datuk Seri Ab Rauf Yusoh said the initiative to promote the GTP was carried out through the signing of a memorandum of understanding (MoU) between Melaka Corporation (MCorp) and WEC, aimed at strengthening economic and technological cooperation between both parties.
He said the investment target includes a wide range of sectors, whether from conglomerates or small and medium enterprises.
“We are confident that investors will soon establish a presence at the GTP, as they are inspired by the success stories of German companies that have already invested in Melaka, some of which have been here for up to 50 years.
“The existing presence of German companies and industries in Melaka provides reassurance regarding the state government’s capacity and resilience in managing long-term investments, which serves as a major factor in attracting new investors,” he told reporters after the MoU exchange ceremony between MCorp and WEC here today.
The ceremony was also attended by WEC chairman Peter Nussbaum and MCorp chief executive officer Datuk Mohd Yusof Abu Bakar.
Ab Rauf said the development of the GTP, covering 196.7 hectares in Ayer Panas, Bemban, will position Melaka as a leading investment destination, particularly in high technology, automation, green energy, Industry 4.0, and digitalisation.
He added that the state government has secured approvals for all technical requirements, including the Environmental Impact Assessment (EIA), Traffic Impact Assessment (TIA), Social Impact Assessment (SIA), building plan approval, and zoning changes.
“The state government has obtained all necessary technical approvals, and investors can immediately begin development work on the GTP site.
“Through this collaboration with WEC, the state government is targeting approximately 30 German companies from various sectors to invest in Melaka, which is expected to generate over 10,000 job opportunities for the local population,” he said.
-- BERNAMA
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