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MCorp and Teladan Group have launched Phase 1 of the German Technology Park (GTP) in Melaka, which spans 296.91 acres. Take-up rates for factories in Phase 1 are reported at 50% to 60%, primarily from local buyers.

The project aims to position Melaka as a hub for German-linked industrial collaboration following the Melaka chief minister's visit to Germany in 2023. GTP will support various industries, including automation and green technology, and aims to attract RM10 billion in investments by 2030.