Healthcare: NKEA Update as of 26th June 2014

Four new projects will be implemented under the national key economic area (NKEA) for health care to provide more comprehensive health services to the people as well as to generate the national economy.

Health Minister Datuk Seri Dr S. Subramaniam said the new projects were entry point projects (EPP) on medical devices and wellbeing of senior citizens.

It encompasses 1) manufacturing of burn care wound device by SteriPack Asia Sdn Bhd 2)Establishment of Toshiba Medical Systems Manufacturing Subsidiary in Malaysia by Toshiba Medical Systems Corporation, Japan 3) Econ Medicare Hub (Phase 1) by Econ Healthcare Group of Singapore and 4) Eden on The Park: Integrated Senior Active Lifestyle & Care Residence Resort by Eden-on-The-Park Sdn Bhd.

"The four projects will give a positive impact to the gross national product amounting to RM45.9 million by 2020," he said when speaking at the Healthcare NKEA Progress Update.

Subramaniam said: "Since the launch of the national economic transformation programme (ETP) in 2010 up to December 2013, 36 projects were announced under the health care NKEA."

"The projects are expected to impact the gross national product by RM6.55 billion in 2020, and it could create 26,476 new job opportunities and open new investment opportunities amounting to RM4.76 billion by 2020," he said.

From 36 projects, 12 projects have been completed with the remaining in various stages of development, he said.

Subramaniam said: "The ministry was working toward attracting more private companies to invest, in line with the desire of the government to make the sector more dynamic, strong and competitive." -

/PEMANDU 26-06-2014

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