World Economy
0

Malaysia’s Razak Sees $448b Economy in 7 Years

Malaysia’s Razak Sees $448b Economy in 7 YearsMalaysia’s Razak Sees $448b Economy in 7 Years

Malaysia’s economy now stands at RM1.3 trillion and has the potential to grow to a RM2 trillion ($448.88 billion) economy. Prime Minister and Umno president Najib Razak said this potential is achievable in seven years if the country’s growth remains at 5% annually, nst.com reported. “Malaysia’s economy today is the size of a RM1.3 trillion economy, and according to plans, I want this RM1.3 trillion economy to reach the level of a RM2 trillion economy. “Calculations show that if growth is at 5% a year, in seven years we will be a RM2 trillion economy. This is why we have initiated big projects, including the KL-Singapore High-Speed Rail link, the Mass Rapid Transit, Light Rail Transit, East Coast Rail Link, Pan Borneo Highway, Pengerang, Bandar Malaysia, Vision Valley and others,” he said in his closing speech at the Umno general assembly Saturday. Najib said the people will naturally benefit from these mammoth projects as high-income jobs will be created.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com