The private sector, including government linked companies (GLC), are expected to account for 92 percent of the investment under the National Key Economic Areas (NKEA), second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said.

Datuk Seri Ahmad Husni Hanadzlah

Ahmad Husni said the private sector would be a critical partner and the key driver in the economic development of the country.

“We have included an operational cost of RM500 million and development cost of RM5 billion in the NKEA budget … taking the total cost to RM5.5 billion for next year.

“From the total, the government will contribute 8 percent while the rest will come through the involvement of the private sector, including GLC,” he told reporters after presenting corporate shirts to village heads and Tambun Parliamentary JKKK.

Ahmad Husni who is also the Member of Parliament for Tambun said the NKEA Lab was in the final process of meeting the leaders of various sectors who are expected to contribute information and feedback.

“We are in the process of preparing a detailed report on the direction of certain key sectors that will generate the economy of the country as preparation for the implementation of the New Economic Model,” he said.

He said the report that would determine the direction of the economic road map of the country until 2020, would be submitted to Prime Minister Datuk Seri Najib Tun Razak.

The 12 NKEA under the 10th Malaysia Plan include oil and gas, palm oil and related products, financial services, wholesale and retail, tourism, information and communications technology (ICT), education, electrical and electronics, business services, private healthcare, agriculture and Greater Kuala Lumpur revitalization, he said.