Page 6 - Initiatives of Sejahtera Malaysia MADANI Volume 8/2024

Economy

The GEAR-uP program brings together Government Linked
Investment Companies (GLICs) to mobilise structural reforms in
Malaysia as part of the MADANI Economy Framework.

In the first phase, six GLICs have provided funds totaling
RM150 billion for the purpose of domestic direct investment
(DDI) for a period of five years.

The six GLICs are:

Permodalan Nasional Berhad
Khazanah Nasional Berhad (PNB)

Employee Provident Fund Lembaga Tabung Haji
(EPF)

Kumpulan Wang Persaraan Lembaga Tabung Angkatan
(Diperbadankan) (KWAP) Tentera (LTAT)

This fund to support entrepreneurs and local industries that
have growth and high value.

Launch of Amazon Web Services (AW) Asia Pacific (Malaysia)
Region with a long-term investment commitment amounting to
RM29.2 billion.

Create 3,500 new high-income job opportunities in the
construction, facility maintenance, engineering and
telecommunications sectors.

Produced RM57.3 billion in added value to the national economy.

6 | INITIATIVES OF SEJAHTERA MALAYSIA MADANI