Najib Urges Mitsui Outlet Park To Offer ‘Unbeatable’ Prices

Najib Urges Mitsui Outlet Park To Offer ‘Unbeatable’ Prices

SEPANG, July 29 (Bernama) — Datuk Seri Najib Tun Razak has urged businesses at the Mitsui Outlet Park (MOP) KLIA here, one of the projects identified under the Entry Point Projects (EPP), to offer “unbeatable” prices to lure shoppers.

The Prime Minister said the premium outlet park has the potential of becoming the largest factory outlet mall in Southeast Asia after the completion of its expansion plans in 2021.

Najib, who is also Finance Minister, said MOP represented Malaysia’s ever persevering spirit of growth and innovation.

“Bold development such as these will contribute to Malaysia’s global competitiveness and further strengthen Malaysia’s standing as one of the region’s best shopping destinations,” he said when launching the premium outlet park here today.

MOP, which opened its door on May 30, offers discounts of between 30 and 70 per cent throughout the year for off-season products from international and local brands.

Operated by MFMA Development Sdn Bhd, a joint venture between Japan’s Mitsui Fudosan Co. Ltd and Malaysia Airports Holdings Bhd (MAHB), MOP is the first Malaysia’s full scale outlet mall in the Klang Valley, spanning 24,000 sq metres.

The mall, which has 127 stores, boasts a flight check-in centre that adds a new dynamic to travellers layover experience.

Najib said the outlet park was one of MAHB’s key initial projects in its Kuala Lumpur International Airport (KLIA) Aeropolis master plan.

He said the master plan would not only revolutionise the country’s aviation by pioneering the development and strategic planning of airport cities, but would also drive more business investments and tourists traffic to Malaysia.

“As a centre for urban growth and development, it will spur an increase in employment opportunities, thus stimulating the local economy.

“This will ultimately put Malaysia on the map as a global business hub for Southeast Asia,” he added.

He said the setting up of the outlet park was one of the EPP identified under the National Key Economic Areas (NKEAs) in Malaysia’s Economic Transformation Programme (ETP), which was aimed at driving Malaysia towards a high-income nation and enhancing its global competitiveness.

Launched in 2011, he said the EPP under the Tourism NKEA targeted to establish three premium outlets, namely in Iskandar, Sepang and Penang.

They are projected to contribute as much as RM900 million to the country’s gross national income and create 1,500 jobs by 2020, he added.

“As the ETP is to be in large part driven by the private sector, Malaysia Airports was one of the identified champions for this EPP,” he said.