RM470bil investment target for Northern Corridor Economic Region by 2030 [WATCH]
PUTRAJAYA: The government has set a target for cumulative realised investment in the Northern Corridor Economic Region (NCER) to reach RM470 billion by 2030, RM126.2 billion more than the RM343.8 billion realised to date.
![RM470bil investment target for Northern Corridor Economic Region by 2030 [WATCH]](/img/7667543)
PUTRAJAYA: The Malaysian government has set a goal for the Northern Corridor Economic Region (NCER) to achieve RM470 billion in cumulative realized investments by 2030, up from the current RM343.8 billion. Key sectors targeted for investment include electrical and electronics (E&E), automotive, high-value tourism, and modern agriculture, with the latter accounting for 70% of the total.
NCER chief executive Datuk Mohamad Haris Kader Sultan expressed confidence in reaching the target, citing approved investments expected to materialize in the coming years. NCER is focusing on diversifying its investment base, particularly in the electric vehicle (EV) and automotive sectors, with several potential automotive investments being assessed.
The region aims to create 310,000 jobs by 2030, with 45% of them being high-skilled positions. NCER is targeting regional gross domestic product of RM369 billion by 2030, up from RM284.8 billion currently, and long-term projects such as the Kedah Science and Technology Park and Penang Silicon Island are expected to transform the region's economic landscape.
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.
