What is the current economic status of Melaka?
Melaka boasts a stable and diversified economy driven by manufacturing, tourism, services, and agriculture. With a GDP growth of 4.4% in 2024, totalling RM 48.9 billion, Melaka is a key contributor to Malaysia's economic prosperity. Its strategic location, well-established infrastructure, and supportive government policies contribute to its resilience and growth.
How is the labour force in Melaka?
Melaka has a dynamic and skilled labour force, with a significant portion engaged in the manufacturing, tourism, and services sectors. With a total workforce of 463.3 thousand.
What types of investments are encouraged in Melaka?
Melaka welcomes investments in high-technology manufacturing, electrical & electronics (E&E), automotive, services, tourism, logistics, halal industry, and creative industries.
What are the key sectors contributing to the economy of Melaka?
Melaka's economy is diversified, with key sectors including manufacturing (electronics, automotive, food processing), tourism, services (healthcare, education, logistics), and agriculture (oil palm cultivation, aquaculture).
How does Melaka's economic performance compare to other states in Malaysia?
Melaka consistently ranks among the top-performing states in Malaysia in terms of economic growth and development indicators. Its strategic location, well-established infrastructure, skilled workforce, and proactive economic planning contribute to its competitiveness and attractiveness for investors.
What is the role of Invest Melaka compared to MIDA?
MIDA (Malaysian Investment Development Authority) is the Federal Government agency responsible for approving strategic investments nationwide. Invest Melaka, on the other hand, is the State agency focusing on promoting Melaka and facilitating local support such as land, infrastructure, local authorities, and business community engagement.
What initiatives are in place to enhance the skills of the local workforce?
The state government, in collaboration with federal agencies, runs various skill enhancement programs, apprenticeships, and upskilling initiatives. These programs are designed to ensure that the local workforce remains competitive and meets the evolving needs of the manufacturing sector.
How does Invest Melaka assist investors?
Invest Melaka Berhad (IMB) is the official investment promotion agency for the State of Melaka, serving as a one-stop centre to assist both local and foreign investors.