The Malaysian state of Melaka kicked off a week-long campaign to woo foreign investments in maritime, IT, energy, electric vehicles, tourism and other sectors at the Expo 2020 Dubai with an initial target of RM500 million (US$119 million) in projects. The state is also showcasing its latest and ambitious waterfront economic zone, which it says will help transform the once-thriving trading port into a modern metropolis and an important investment hub in Southeast Asia. Chief Minister Datuk Seri Utama Sulaiman Md Ali, who led a high-powered delegation of investors and government officials, said the Expo would also help boost tourism in Melaka, which is listed as a UNESCO World Heritage Site since 2008. Melaka, along with George Town, are historic cities of the Straits of Melaka. Both cities have developed over 500 years of trading and cultural exchanges between East and West. The influences of Asia and Europe have endowed the towns with rich multicultural heritage. “Our history as a maritime hub and a busy trading centre goes back a long way. The deep, sheltered harbour on the narrow channel which took our name, the Straits of Melaka, positioned us at the crossroads of one of the busiest sea lanes in the world,” Sulaiman said in his speech at the launch of the Melaka Week. Besides preserving heritage, Melaka is also forging ahead in its drive for a more relevant and sustainable economic future. It is aggressively pushing to develop the economic corridor called the Melaka Waterfront Economic Zone or M-WEZ. Launched just a year ago, state authorities are banking on international investors to help turn the huge 25,000-acre site into a vibrant corridor. A unique aspect of this corridor …
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