Melaka: The Melaka state government has entered into a collaboration with the World Economic Council (WEC) to attract more investors to the German Technology Park (GTP). Melaka Chief Minister Datuk Seri Ab Rauf Yusoh announced that this initiative was formalized through the signing of a memorandum of understanding (MoU) between Melaka Corporation (MCorp) and WEC, aimed at strengthening economic and technological cooperation between both parties.

According to BERNAMA News Agency, the investment target includes a wide range of sectors, from conglomerates to small and medium enterprises. The Chief Minister expressed confidence that investors will soon establish a presence at the GTP, motivated by the success stories of German companies that have been investing in Melaka for up to 50 years. The existing presence of German companies and industries in Melaka serves as reassurance regarding the state government’s capacity and resilience in managing long-term investments, which is a major factor in attracting new investors.

The MoU exchange ceremony was attended by WEC chairman Peter Nussbaum and MCorp chief executive officer Datuk Mohd Yusof Abu Bakar. Ab Rauf emphasized that the development of the GTP, covering 196.7 hectares in Ayer Panas, Bemban, will position Melaka as a leading investment destination, particularly in high technology, automation, green energy, Industry 4.0, and digitalisation.

He further added that the state government has secured approvals for all technical requirements, including the Environmental Impact Assessment (EIA), Traffic Impact Assessment (TIA), Social Impact Assessment (SIA), building plan approval, and zoning changes. With these approvals in place, investors can immediately begin development work on the GTP site.

Through this collaboration with WEC, the state government is targeting approximately 30 German companies from various sectors to invest in Melaka, which is expected to generate over 10,000 job opportunities for the local population.