The projects announced by the prime minister today include RM15 billion in investment in the oil and gas sector by oil majors and a RM1.25 billion health metropolis in Petaling Jaya by Universiti Malaya.
But it also included previously announced projects such as the RM36 billion KL MRT, the RM5 billion Pengerang oil storage facility and the Talent Corporation.
Najib said the effect of the ETP is boosting investor sentiment as seen by the Bursa Malaysia KLCI hitting a new high of 1,572 points on January 7.
“The ETP has started the year with a bang by switching into overdrive and surging ahead with more entry-point projects and developments,” he said in a press release.
ExxonMobil together with Petronas Carigali plan to invest RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.
Shell will invest RM5.1 billion to upgrade, expand and build new facilities in Malaysia.
In the healthcare sector, Hovid Berhad signed an agreement with Winthrop Pharmaceuticals, a subsidiary of Sanofi-Aventis, to develop generic drugs worth an estimated RM50 million.
The health metropolis, meanwhile, is expected to be completed by 2015.
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