Malaysia is planning to improve its shipbuilding and repair industry by means of the regulatory intervention and incentive packages for investment and human capital development, Prime Minister Najib Razak said.
Malaysian Government has established a plan, in collaboration with the Association of Marine Industries of Malaysia, aimed at creating 6.4 billion ringgit (USD 2 billion) of gross national income and 55,000 of new jobs by 2020.
Prime Minister Najib said that contributions will be derived from an expected uptrend in building and repairing oil and gas support vessels for energy exploration and replacing the government owned Petroliam Nasional Bhd.’s ageing vessels.
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Shipbuilding Tribune Staff, December 6, 2011