KUALA LUMPUR: The Shared Prosperity Vision 2030 will push every state to the forefront, including the Federal Territories of Kuala Lumpur and Putrajaya, as part of the Key Economic Growth Areas (KEGA), especially in tourism and border economy development and logistics.
Eight states — Perlis, Perak, Negri Sembilan, Kedah, Pahang, Johor, Sarawak and Kelantan — have been earmarked as eco-tourism destinations, while Kuala Lumpur will serve as the Gateway to Asia in the tourism industry.
Besides eco-tourism, Shared Prosperity Vision 2030 will also highlight products from island tourism and the culture and heritage of Melaka, Terengganu, Sabah and Penang, the latter of which will also focus on health tourism.
The tourism industry, placed under the Malaysia Truly Asia initiative, is among 15 KEGA Shared Prosperity Vision 2030 will focus on.
Other areas that will be given attention include propelling the country towards becoming an Islamic fintech hub 2.0; the digital economy; the Fourth Industrial Revolution; Asean hub; halal hub; Commodity 2.0; and transport, logistics and sustainable mobility.
The KEGA will focus on coastal economy and maritime; centres of excellence; renewable energy; green economy; and smart and high-value agriculture.
Kuala Lumpur and Selangor, which contribute almost 40 per cent to the gross domestic product, will emerge as the Industry 4.0 hub and become key players in hi-tech parks; ports and logistics; the digital economy and disruptive technology; manufacturing, automotive and MRO; and, smart agriculture.
Kuala Lumpur, as the Asian tourism gateway, will play a role as the regional financial hub and Islamic fintech 2.0 hub. Putrajaya will remain the federal government's administrative centre, on top of serving as a diplomatic hub.
Four states — Perlis, Penang, Kedah and Perak — apart from being at the forefront of eco-tourism and health tourism, will also be known as high-value agriculture areas and centres for modern agriculture and livestock.
Although known mainly as an agricultural state, Kedah is set to be developed as a location for the aerospace industry, apart from sharing a role with Perlis in boosting the border and logistic economy. Perlis will also be transformed into a centre for renewable energy.
The northern region's most developed state, Penang, will play a key role as a logistics and industrial hub, as well as a centre of technological excellence.
In the south, among industries set to take flight are smart agriculture, Malaysia Vision Valley (Negri Sembilan), smart city and halal hub (Melaka), the Straits of Malacca gateway (logistic hub and transhipment), southern region education hub, food crop hub and downstream petroleum-related activities.
East coast states will play a role in border economy and logistics; cultural and rural economy and agro-tourism (Kelantan); commodity economy and downstream products; coastal economy and fisheries; secondary education hub; and, downstream petroleum processing (Terengganu). Pahang will take the lead in mining, and become a transportation and logistic hub, as well as in high-technology agriculture.
For Sabah, besides tourism, it will also become known for border economy, commodities, downstream products, fisheries and downstream petroleum processing.
Sarawak will focus on the commodity economy and downstream products, petroleum and LNG, eco-tourism, high-technology agriculture and livestock, as well as renewable energy.