Malaysia will focus its economic growth efforts on NKEAs, which will receive prioritised Government support including funding, top talent and Prime Ministerial attention.
In addition, policy reforms such as the removal of barriers to competition and market liberalisation will be targetted at the NKEAs.
The programme will involve deliberate choices and trade-offs. Prioritising investment in NKEA sectors implies reducing investment in other sectors. The designation of sectors as NKEA sectors has to have real resource implications if it is to lead towards a meaningful change.
The same philosophy of prioritisation will also apply to other support provided by the Government to sectors, such as operating expenditure and sector-specifc policy and regulatory change.
"The NKEAs will have dedicated focus from the Prime Minister and will have fast-track mechanisms to resolve disputes or bottlenecks."
The Government is committed to the ongoing support of growth in the non-NKEA sectors. However, the Government will focus its efforts on the NKEAs because of the signifcance of the GNI contribution that these parts of the economy can drive.