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EPP 5
Developing Makan Bazaars
Malaysia benefits from its multi-ethnic and multi-cultural
population with a diverse and unique range of cuisine. The
development of a one-stop food centre serving the best of
local and international fare from street hawkers to fine dining
restaurants will create an attraction for food lovers, from all over
the globe.
This EPP will involve an investment of RM270 million and will
result in additional contribution of RM230 million to the GNI and
create 4,200 new jobs by 2020.
Achievements
The first location for a Makan Bazaar was identified in 2011 and it is
expected to be operational in 2012. With an area of approximately
100,000 square feet, it can seat 3,500 diners. Since then, several
sites in Kuala Lumpur, Selangor and Negeri Sembilan have been
identified but only two sites are viable for this project.
EPP 6
Over the years, Malaysia has been performing well in the retail
sector and this EPP seeks to export our retail mall development and
management skills. This will be done through the establishment of
1Malaysia Malls in other countries within the region.
The 1Malaysia Mall will not only increase export-based GNI
contributions, but also expand the market for our home-grown
and Small and Medium Enterprises (SME) retail brands, providing
a competitive advantage for Malaysian businesses to secure
franchises for international brands and boost tourism by promoting
Malaysian culture and cuisine. This also has the effect of positioning
Malaysia as the country of choice for foreign brands to base their
regional headquarters given the potential for quick expansion via
the 1Malaysia Malls.
The first two target markets identified for this EPP are Vietnam and
China as many cities in these countries are still underexposed to large
shopping malls. The proposed projects will see the development of
more than 20 shopping malls similar to Berjaya Time Square, Suria
KLCC or Mid Valley Megamall at selected locations in Vietnam and
China. This EPP will result in an additional RM2.2 billion GNI and
create 3,780 jobs by 2020.
Achievements
Developing 1Malaysia Malls
On 25 July 2011, Dato’ Seri Ismail Sabri Yaakob visited the 1Malaysia
Mall project sites by WCT Berhad in Vietnam. An engagement
via Government-to-Government channels was made to discuss
major issues that plagued two projects in Ho Chi Minh City. The
successful meeting co-chaired by the Minister himself and Mr Lê
Hoàng Quân, Chairman of the People’s Committee of Ho Chi Minh
City, resulted in immediate actions to facilitate the land settlement
issue and expedite the progress for the licensing and construction
of their two projects.
With limited land area available to fit the Makan Bazaar’s criteria,
the Ministry of Domestic Trade, Cooperatives and Consumerism
has proposed more sites on a smaller scale area under this project.
Moving Forward
The Makan Bazaar EPP will see a total of 10 Makan Bazaar outlets
built over the next nine years in major cities in Malaysia. Besides
offering a plethora of food outlets, the food centre will also
provide attractions like gardens, games areas, playgrounds as well
as retail outlets. Privately managed, the Makan Bazaar is designed
to offer high professional standards of food quality and hygiene.
On 19 October 2011, PEMANDU participated in the Joint
Economic Trade Committee (JETC) co-chaired by Dato’ Sri
Mustapa Mohamed, Minister of International Trade and
Industry (MITI), and Mr Chen Deming, Minister of Commerce,
People’s Republic of China. At the JETC, Malaysia sought
China’s cooperation in assisting progress for development and
operations of the existing and upcoming 1Malaysia Mall projects
in China.
PEMANDU and MDTCC also visited India from 12 to 23 December
2011 to explore the opportunities for the establishment of the
1Malaysia Mall in the country. The four cities visited were New
Delhi, Hyderabad, Bangalore and Mumbai. During the visit,
meetings and discussions were held with Indian developers and
authorities as well as established Malaysian companies in India.
Potential sites were also visited to gauge potential catchment
and viability.
Urbis Co. Ltd, a renowned retail consultant recommended by
Malaysian retailers has been appointed to conduct a feasibility
study on this project. The study will provide retail information on
policy matters, guidelines and recommendations for countries,
cities and sites for this EPP.
Moving Forward
NKEA: Wholesale and Retail EPP 4 – EPP 6
The target is to have the first 1Malaysia Mall operational by 2014,
and subsequently 21 malls in total by 2020. Besides China and
Vietnam, we are also exploring opportunities to establish similar
malls in India, Sri Lanka and Indonesia.
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