NCER hopes for more balanced, strategic allocations under 2027 Budget
PUTRAJAYA: The Northern Corridor Economic Region (NCER) is seeking more balanced and strategic allocations under Budget 2027 to spur development in less-developed areas of the northern region and support growth in sectors beyond manufacturing.
Northern Corridor Economic Region (NCER) is advocating for more balanced and strategic allocations in Budget 2027, according to Datuk Mohamad Haris Kader Sultan, the chief executive of the Northern Corridor Implementation Authority (NCIA). Sultan emphasized that the budget should prioritize less-developed areas in the northern region while maintaining a balanced and strategic approach to development.
He spoke during a media briefing on the NCER Strategic Development Plan 2026-2030, which sees Budget 2027 as an opportunity to further support growth in the northern region. Sultan noted that while manufacturing remains a dominant sector in the region, greater attention should also be given to sectors such as tourism and agriculture.
The NCIA's objective is to complement the existing manufacturing base with these other sectors to ensure development reaches areas that are currently less developed. The NCER's Strategic Development Plan aims to generate a cumulative investment of RM470 billion by 2030, with 70% contributed by key sectors such as electrical and electronics, automotive, high-value tourism, and modern agriculture.
This represents a Rs126.2 billion increase from the previous plan's RM343.8 billion. The plan also targets a GDP increase to RM369 billion, creation of 310,000 jobs, including 45% high-skilled positions, and a median household income of RM7,500. The Budget 2027, set to be presented on Oct 9, is the fifth MADANI Budget and builds on the previous framework, aiming to guide Malaysia forward under the 13th Malaysia Plan.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
