Negri Sembilan's 2045 development target on track - MIDA | Malaysian Investment Development Authority
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Negri Sembilan’s 2045 development target on track

Negri Sembilan’s 2045 development target on track

31 Aug 2023

Negri Sembilan is on track towards becoming the preferred investment destination for local and foreign investors.

Menteri Besar Datuk Seri Aminuddin Harun said the potential of the state was aided by its strategic location near the country’s main entry points — the Kuala Lumpur International Airport (KLIA) and Port Klang — as well as its proximity to major cities like Kuala Lumpur.

“I believe, through the development of the Malaysia Vision Valley 2.0 (MVV 2.0), more opportunities will arise for the state’s economic growth.

“And this development plan will continue to be on the right track, capable of being realised by 2045 with the involvement and commitment from all parties,” he said at the launch of the MVV 2.0 in June.

“The development of MVV 2.0 is an initiative by the state government with support by the Federal Government to boost the state’s economy.

“It is spearheaded by the state government through NS Corporation, together with other departments and agencies, and shall contribute significant economic impact on the country by attracting foreign and domestic direct investments, which will create jobs and business opportunities.”

Aminuddin said since the launch of the first MVV in 2018, there had been significant development in Seremban and Port Dickson.

“In the same year, the Comprehensive Development Plan (CDP) for MVV was also launched. The document details the overall development strategy, identifies catalytic projects, addresses environmental concerns, as well as economic and social benefits.

“The CDP serves as a reference, and is periodically updated to ensure that the development in the MVV 2.0 area is carried out systematically and inclusively, and is beneficial to all parties”

Aminuddin said the state government had an open policy in welcoming investors, especially in high-tech industries.

This policy enables the state government to attract more investors to MVV 2.0.

He said the opening of new industrial areas in MVV 2.0 was vital to meet the needs of industries, as well as to boost the state’s economy.

He said the state’s success in attracting RM8.9 billion in investment last year was due to efficient governance and the receptive approach adopted by the state government in various aspects.

“To achieve an investment of RM8.9 billion in 2022, which is the highest in the history of the state, was not an easy feat.

“In addition, the state government is active in organising dialogues with domestic and international investors, including existing investors who may have the potential to expand their operations in Negri Sembilan.

“Currently, Samsung SDI Energy Malaysia Sdn Bhd has invested RM6 billion to construct Phase 2 of its electric vehicle battery plant in Parcel F of the Tuanku Ja’afar Industrial Area in Senawang near Seremban.

“We also received an investment from Dutch Lady Milk Industries Bhd, amounting to RM450 million, for a facility on 13 hectares in Bandar Baru Enstek.

“Dutch Lady plans to relocate its operations from Petaling Jaya to Bandar Enstek in the third quarter of this year, creating 400 jobs for locals,” added Aminuddin.

In addition, there are two new investments in Bandar Enstek — Mahsuri Food (M) Sdn Bhd and Macfood Services (M) Sdn Bhd, both of which are expected to be in operation by the end of the year.

“Ajinomoto Malaysia Bhd has also recently opened a factory after its launch in December last year. Collectively, these projects would offer more than 1,000 high-skilled jobs,” he said.

Aminuddin also hoped that the Federal Government would consider the state’s infrastructure development proposal, especially within MVV 2.0, which included road, railway, electricity, water and gas networks, which were needed to attract investment and expedite the development of MVV 2.0.

Source: NST