LUMIC Project: Unlocking Lumut's Potential as a Green Maritime Hub
Key Ideas
- Feasibility studies by PoABI and PKNPk highlight Lumut's potential to become a global player in maritime and logistics with a focus on hydrogen production and sustainable practices.
- The LUMIC project, with an estimated investment of €15 billion, aims to create 55,000 jobs over 25-30 years, driving economic growth in the Perak region.
- Supported by the EU's Global Gateway investment strategy, the LUMIC project received a €1.9 million grant to assess Malaysia's maritime sector and develop sustainable infrastructure.
- Key stakeholders, including government representatives and industry leaders, participated in the event showcasing the roadmap for Lumut's transformation into a green industrial and logistics complex.
Feasibility studies presented at the 'LUMIC Project: Roadmap on Connectivity in Malaysia' event highlighted Lumut Maritime Industrial City's (LUMIC) potential to become a key player in Malaysia's maritime sector. Authored by the Port of Antwerp-Bruges International (PoABI) and the Perak State Development Corporation (PKNPk), these studies delve into Lumut's transformation into a green logistics and maritime hub, focusing on hydrogen production, renewable energy, and sustainable manufacturing. The studies aim to turn Lumut Port into a multi-purpose and container port along with a cutting-edge green industrial and logistics complex. With an expected investment of €15 billion and the creation of 55,000 jobs over 25-30 years, the LUMIC project is set to be a significant economic driver, attracting both foreign and domestic investment. As part of the EU's Global Gateway investment strategy, the project received a €1.9 million grant to assess Malaysia's maritime prospects. The event at the World Trade Centre (WTC) Kuala Lumpur brought together key stakeholders, including government officials, industry experts, and potential investors, to discuss Lumut's potential as a green maritime hub. With positive sentiment towards the project and a vision for sustainable growth, the LUMIC project aims to boost economic development and infrastructure in the Perak region.
Topics
Production
Infrastructure
Sustainability
Investment
Maritime Sector
Economic Development
Feasibility Studies
Global Connectivity
EU Partnership
Latest News