ICP LIKELY TO NET US$17.5B IN INVESTMENTS
Government initiative will ensure best value for money on procurement programme
THE Industrial Collaboration Programme (ICP), a government initiative to ensure best value for money on a procurement programme, is expected to create more than US$17.5 billion (RM77.19 billion) in investments by 2020.
Second Finance Minister Datuk Seri Johari Abdul Ghani said the target was achievable despite current economic uncertainties.
“The ICP will strengthen the building blocks for Malaysia to be a high-income and productivitydriven economy,” he said at the Global Offset and Countertrade Association Asia Pacific Conference 2017, here, yesterday. “I believe Malaysia can attain greater achievements following the ICP’s implementation, provided synergy is developed among stakeholders.”
Johari urged procurment agencies to view the ICP as an opportunity to share economic benefits with stakeholders and create a sustainable business platform.
At present, there were 71 ongoing ICPs with 265 projects in total. Of this number, seven have been fully completed and registered a ICP Credit Value of US$1.3 billion. Bernama
Datuk Seri Johari Abdul Ghani