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Malaysia’s RM611bil 13MP aims for growth, innovation, and inclusivity: Anwar

With AI-driven strategies and a goal of boosting E&E exports to RM1 trillion by 2030, the plan targets transformative change across key sectors 

1:56 PM MYT

 

KUALA LUMPUR – The 13th Malaysia Plan (13MP), which outlines the country’s strategic roadmap for 2026-2030, has been tabled in Parliament, aiming to propel the nation’s growth while ensuring sustainability and inclusivity. The plan involves a substantial RM611 billion in investments, with RM430 billion allocated for government development initiatives. 

Prime Minister Datuk Seri Anwar Ibrahim, who also serves as the finance minister, highlighted that the 13MP focuses heavily on technological advancements, particularly artificial intelligence (AI), and the “Made in Malaysia” initiative. The goal is to position Malaysia as a high-income, globally competitive nation. 

This five-year blueprint, a continuation of the Madani Economy policy, seeks to foster greater economic growth, improve living standards, and ensure that the nation’s governance remains transparent and efficient. 

Delivering the speech at the Dewan Rakyat today, Anwar noted, “The national economy cannot rely solely on the production of basic materials in agriculture, industry, and services. We need to shift our focus towards value creation across all sectors of the economy.” 

The prime minister emphasised that the nation’s gross domestic product (GDP) growth, expected to rise between 4.5% and 5.5% annually, should not be the sole indicator of success. 

“Economic expansion means little if the people’s fundamental rights to dignity, freedom, and justice are undermined by hunger, inequality, and marginalisation,” he added. 

Anwar pointed out that the roadmap is centred on three primary pillars: establishing a sovereign and dignified nation, developing a people-centred Madani social system, and transitioning towards an AI-driven economy. 

These pillars are designed to create a progressive society while positioning Malaysia as a regional leader in digital technology, promoting world-class products and services under the “Made by Malaysia” banner. 

The 13MP sets out four key thrusts: diversifying the economy, fostering social mobility, advancing public sector reform, and enhancing the well-being of citizens, all while ensuring environmental sustainability. Nine strategic focus areas have been identified, including: 

– Transitioning to an AI-powered nation
– Advancing high-growth, high-value industries
– Promoting balanced economic development between regions
– Strengthening Malaysia’s role in the global economy
– Enhancing public service efficiency and transparency
– Addressing the rising cost of living
– Designing a people-centric social system
– Improving the overall quality of life
– Ensuring equal opportunity for all citizens 

By 2030, the 13MP aims to achieve a GDP growth rate of 4.5 per cent to 5.5 per cent, reduce the fiscal deficit to below 3 per cent of GDP, and secure private investment of RM417.9 billion annually. 

In a significant boost to Malaysia’s industrial sector, the plan also includes a target to increase the value of electrical and electronic (E&E) product exports to nearly RM1 trillion by 2030. Anwar revealed that this goal would be supported by the High Value–High Technology Semiconductor Industry Flagship Project, which aims to capitalise on the nation’s position as the sixth-largest global exporter of semiconductors. 

Anwar added, “In 2024, Malaysia’s exports of E&E products are expected to exceed RM600 billion. We take great pride in this achievement and will further strengthen this momentum through strategic initiatives such as the New Industrial Master Plan 2030 (NIMP 2030), the National Semiconductor Strategy (NSS), and the National Energy Transition Roadmap (NETR).” 

With RM611 billion earmarked for the 13MP, a notable increase from the RM400 billion allocated under the 12th Malaysia Plan, Anwar’s government is positioning Malaysia for an era of sustainable, inclusive, and technology-driven economic growth. – July 31, 2025 

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