KUALA LUMPUR – The Lumut Maritime Industrial City (LuMIC) project in Perak is projected to attract €15 billion (approximately RM72 billion) in investments over the next 25 years, reinforcing the state’s ambitions to become a key player in the regional maritime and industrial sectors.
Announced by Perak Menteri Besar Datuk Seri Saarani Mohamad during the unveiling of the LuMIC Masterplan at the World Trade Centre, the development is expected to generate over 50,000 jobs and open doors for local entrepreneurs and businesses, positioning Perak as a high-growth investment destination.
Designed as a flexible, demand-driven initiative, LuMIC will be developed in phases, aligning with global trends across the green, blue, and digital economies. Spanning 9,307 hectares, the project will include a globally recognised port, a sustainable smart city, and an eco-friendly industrial zone.
“Perak is well-placed to lead the blue economy with strong potential in maritime tourism, fisheries, marine biotech, and renewable energy. In 2023 alone, the state contributed nearly 23 per cent of Malaysia’s total fisheries output,” Saarani said. He added that LuMIC’s sustainable development model—emphasising carbon reduction, clean energy, and resilient supply chains—supports the National Energy Transition Roadmap (NETR) and enhances Perak’s position as a regional leader in maritime sustainability.
The feasibility study, funded by the European Union and developed in collaboration with the Port of Antwerp-Bruges International (PoABI), identified several competitive advantages: Lumut’s captive industrial base, rich natural resources, a skilled talent pool, and strong institutional support.
Datuk Redza Rafiq Abdul Razak, CEO of the Perak State Development Corporation (PKNPk), noted that the collaboration with Europe’s second-largest port marks a major milestone in the state’s industrial transformation. “Together with PoABI, we’re developing a robust and actionable blueprint to establish Lumut as a world-class maritime and industrial hub. This partnership not only drives economic growth but also uplifts communities through sustainable development,” he said.
With its strategic location along the Straits of Malacca—a key artery for global trade—LuMIC is expected to unlock significant regional economic opportunities and cement Perak’s role as a central node in Malaysia’s future industrial landscape.
