Malaysia is an ideal investment destination for innovation-based, knowledge-intensive investments within the high-growth and high-value sectors. Embracing for slower economic growth due to the unprecedented challenges posed by the COVID-19 pandemic, the Northern Corridor Economic Region (NCER) continues its efforts to attract strategic partners to invest in the region. The NCER, which comprises the states of Perlis, Perak, Kedah and Pulau Pinang, possesses an established ecosystem, with existing public-private partnerships and attractive fiscal incentives. The region, not only, boasts of excellent infrastructures such as road connectivity, airports, seaports and inland ports, it also offers potential market access to approximately 3 billion people in ASEAN, China and India.
Located in Perlis, the northern-most state in Peninsular Malaysia, the Chuping Valley Industrial Area (CVIA) was conceptualised to support Malaysia’s sustainable development and environmental agenda through viable projects with technology as the key enabler. The Northern Corridor Implementation Authority (NCIA) and the Perlis state government, in close affiliation with the Malaysian Investment Development Authority(MIDA) are collaboratively developing the industrial park.
The park offers ample opportunities for investors, particularly in its targeted clusters that include renewable energy generation (solar energy), green manufacturing (automotive industry, building materials, electrical and electronics) and Halal industry (pharmaceutical, nutraceutical, food and beverage). Currently, in line with efforts to certify CVIA as a Green Industrial Park, plans are underway to introduce independent power plant providers to provide clean and optimised electricity to the industries as a value-added service for investors in CVIA.
Perspective view of the CVIA Integrated Business Centre (IBC)
Established to co-exist as a sustainable model and as part of a mutually beneficial network with industries, relevant supporting functions and higher learning institutions, CVIA stands to complement and maximise its potentials and opportunities arising from the surrounding developments.
Working visit by YB Dato’ Sri Mustapa Mohamed, Minister in the
Prime Minister’s Department (Economy) (2nd from right) on July
Looking ahead, this high-impact strategic project will be a game-changer for NCER and an economic catalyst that will nurture high technology industries to employ skilled and semi -skilled workers, encouraging competitiveness and creating social inclusiveness. The application and promotion of latest high technology solutions which involve Industrial Revolution 4.0 (IR4.0) and Internet of Things (IoT) in CVIA will entail an influx of high-income job opportunities for knowledge workers over the next few years.
Moreover, this iconic technology park will play an essential role in elevating the cross-border trade between Malaysia and Thailand. At the same time, the Perlis Inland Port (PIP) captures the southern Thai region container outflow.
CVIA will complement the regional cooperation of the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) platform by leveraging on the trade and economic ties between Malaysia and Thailand, given its strategic location at the border.
For investors seeking to invest in CVIA, the NCIA provides end-to-end facilitation, including advisory services, initiation of discussions with relevant stakeholders regarding land matters, talent availability, and engagement with relevant state and federal authorities. Given that the state-of-the-art CVIA Integrated Business Centre (IBC) is now complete, potential investors can leverage upon the facility as an incubation space, utilising it as potential transit offices and temporary, short-term accommodation. Ultimately, investors are welcome to utilise the IBC as a launchpad for their manufacturing activities.
For further information on the opportunities in CVIA, investors are encouraged to contact:
Fajaffri Mohd Fadzil
Senior Director, Investment Division
S Asmazura Ismail
Head, Industry Clusters-Manufacturing
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