contrastBtngrayscaleBtn oku-icon


plusBtn crossBtn minusBtn


This site
is mobile


Perlis holds CVIA stakeholders day for investors to engage with authorities

Perlis holds CVIA stakeholders day for investors to engage with authorities

19 Dec 2023

The Chuping Valley Industrial Area (CVIA) Stakeholders Day Programme held today has provided a platform for investors to engage with relevant authorities and gives investors opportunities to get information regarding the projects and view the plots and sites offered by the CVIA.

In a statement, the Perlis state government said that investors were also briefed on relevant information, requirements and incentives offered for investments at the CVIA by representatives from the state government, Northern Corridor Implementation Authority (NCIA) and Malaysian Investment Development Authority (MIDA).

It said this programme brought together investment agencies and 150 potential investors, particularly in its targeted clusters such as renewable energy, green manufacturing and halal industry.

“The CVIA Stakeholders Day was a collective collaboration between the state government and NCIA to promote CVIA and strengthen the state’s agenda to attract new investment in Perlis,” it said.

Perlis State Secretary Datuk Muhd Khair Razman Mohamed Annuar said CVIA was conceptualised to support Malaysia’s sustainable development and environmental agenda through viable projects with technology as the key enabler.

“Strategically located bordering Thailand and being a member of Indonesia – Malaysia – Thailand Growth Triangle (IMT-GT), CVIA is an attractive place for investors to set up companies and will complement and maximise its potentials and opportunity arising from surrounding development, especially to Perlis Inland Port (PIP).

“As a commitment, the Perlis state government, NCIA and MIDA will strive to provide full support and give their commitment to assist through various processes and incentives for investors interested in investing in CVIA,” he said.

CVIA is located in northeast Perlis and borders southern Thailand.

This new industrial area is set to transform Perlis into a high-income and industrialised state by 2030, and it is expected to contribute over RM2.5 billion towards Malaysia’s Gross National Income (GNI), as well as attract a total of RM4.5 billion in private investments and create over 12,000 jobs by 2030.

Last week, on Dec 12, Perlis Menteri Besar Mohd Shukri Ramli said the state government had approved six companies to carry out development in the CVIA, with an estimated investment value of RM2.91 billion, as of last month, and the first plant is expected to start operating in the third quarter of 2024.

Source: Bernama