NCER sees 60pc rise in realised investments to RM48.25 billion

NCER sees 60pc rise in realised investments to RM48.25 billion

16 Oct 2024

The Northern Corridor Economic Region (NCER) has realised investments totalling RM48.25 billion this year, said Prime Minister Datuk Seri Anwar Ibrahim.

He said this marked a 60 per cent increase compared with the same period last year.

He said this data was shared at the 32nd Northern Corridor Implementation Authority (NCIA) meeting today (Oct 16).

“These realised investments have created 10,529 jobs in the NCER,” he said in a Facebook post.

He said the meeting discussed initiatives to support the investment ecosystem in the NCER, in line with the NCER Strategic Development Plan 2024-2030, which includes developing a technology innovation centre, an agro-food hub and an energy transition plan.

He said planning was important to ensure the NCER continued to attract investments in impactful, high-value industries.

In August, NCIA chief executive Mohamad Haris Kader Sultan said the agency and the Investment Development Board had secured RM31.38 billion in investments for Penang in the first half of the year.

He said this achievement reflected investors’ strong confidence in the long-term potential of the NCER, particularly in Penang.

Later that month, Haris said Kedah had attracted RM15.26 billion in investments that created 1,700 jobs in the first seven months of the year.

He said this surpassed the RM5.43 billion in realised investments in the same period last year.

Source: NST