NCER targets RM470b investment by 2030

The Northern Corridor Economic Region (NCER) has set a target of RM470 billion in cumulative investment by 2030, with 70% expected to come from key sectors such as electrical and electronics, automotive, high-value tourism, and modern agriculture. The Northern Corridor Economic Region Strategic Development Plan 2026-2030 aims to raise the Northern Region's GDP to RM369 billion, create 310,000 quality jobs, with 45% in high-skilled positions, and lift median household income to RM7,500.

The plan, launched by Economy Minister Akmal Nasrullah Mohd Nasir, is structured around four pillars - Enhancing Capabilities, Driving Innovation, Enabling Growth, and Leveraging Regional Advantages, and includes 15 strategies and 21 initiatives to ensure targets are met. Major projects identified under the plan include the Kedah Science and Technology Park, Sidam Logistics and Advanced Manufacturing Hub, Kedah Rubber City, Chuping Valley Industrial Area, Penang Silicon Island and the northern peninsula border economic zone.

Brief written by urgent.news from The Vibes's own syndicated text. Machine-written — may contain errors; check the original before relying on it.