Northern Corridor Economic Region to be world-class economic and tech hub, says PM

Northern Corridor Economic Region to be world-class economic and tech hub, says PM

27 Mar 2024

The Northern Corridor Economic Region (NCER) will be developed into a world-class economic and technological hub, says Prime Minister Datuk Seri Anwar Ibrahim.

Anwar said this will be realised through a focus on three industries, namely advanced services, high-value manufacturing, and modern farming.

“The two catalysts for change that will support this endeavour are environmental, social, and governance (ESG) practices and digitalisation,” Anwar said after chairing a Northern Corridor Implementation Authority meeting.

Anwar said the government aims to realise RM367.8 billion in investments in the NCER by 2030.

Earlier, Anwar said he chaired the NCIA meeting which was also attended by Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi and the Menteris Besar of the northern states including Perak, Kedah, Perlis, and Penang.

The meeting discussed the NCER strategic development plan 2024-2030.

“Between 2021 and 2022, the NCER has realised 34 per cent (RM197 billion) from approved investments.

“The meeting also discussed the “Facilitation@NCER” initiative to further catalyse and realise investments in the NCER,” said Anwar, adding this involved coordination by the Malaysian Investment Development Authority (MIDA).

Source: NST