NKEA : National Key Economic Area
|NKEAs: The Engines of Economic Growth
There are 12 National Key Economic Areas that were jointly identified by the private and public sectors to kickstart the Economic Transformation Programme. These NKEAs represent economic sectors that will drive the highest possible income over the next ten years.
Focus on these NKEAs will ensure that high impact projects, together with policy support and incentives from the government, will collectively contribute towards Malaysia achieving its goal of becoming developed nation by 2020.
The 12 NKEAs cover eleven industries and one geographical territory: Oil, Gas and Energy; Palm Oil; Financial Services; Tourism; Business Services; Electronics and Electrical; Wholesale and Retail; Education; Healthcare; Communications Content and Infrastructure; Agriculture; and the Greater Kuala Lumpur/Klang Valley.
The economic growth of these NKEAs through the effective implementation of 131 Entry Point Projects and 60 Business Opportunities will result in the Malaysian economy undergoing significant changes to resemble the economies of other developed nations.
This, in turn, will generate additional medium-to-high paying jobs that will propel Malaysia to high-income status. The success of these 12 NKEAs will also have a ‘multiplier effect’ that will positively impact other industries and developments so that economic growth will be enjoyed beyond the 12 NKEAs.
For more information about the National Key Economic Areas and the Economic Transformation Programme, follow Twitter/etp_msia