220,000 jobs in Special Economic Zone
KUANTAN: Prime Minister Datuk Seri Najib Tun Razak has launched the country’s first Special Economic Zone that aims to bring in RM90bil worth of investments and create 220,000 jobs by 2020.
The SEZ, which would cover an area measuring 25km by 140km from Kertih in Terengganu to Gambang and Pekan in Pahang, would attract more investments to the East Coast Economic Region (ECER), he said on Tuesday.
He said the SEZ would be the biggest such economic zone in all of Asia.
Investors in the zone will enjoy many special incentives, including a 10-year tax exemption, 100% investment tax allowance, and exemptions from import and export duties.
“For the first time, investors will be offered incentives that can be customised specially for them,” Najib said.
The Prime Minister added that the ECER SEZ is part of the new economic model his administration has promised for a fairer distribution of wealth, to ensure that the region’s rapid growth is enjoyed by all.
Category: General, Job Opening
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