Business

Govt eyes RM367.8 billion realised investments for NCER by 2030 - PM Anwar

From 2021 to 2022, NCER contributed 34 per cent (RM197 billion) of the total approved investments.

Updated 2 years ago · Published on 27 Mar 2024 3:18PM

Govt eyes RM367.8 billion realised investments for NCER by 2030 - PM Anwar
The meeting was also attended by the Deputy Prime Minister and Minister of Rural and Regional Development Datuk Seri Dr Ahmad Zahidi Hamidi as well as the relevant Menteri Besar as NCIA council members. - Pic from Anwar's X posting, March 27, 2024

THE government aims for the Northern Corridor Economic Region (NCER) to record RM367.8 billion in realised investments by 2030 through three new focus areas.

Prime Minister Datuk Seri Anwar Ibrahim said NCER plans to become a world-class economic and technological hub through three new areas of focus - advanced services, high-value manufacturing and modern agriculture.

He said the two drivers of change that will support the plan are Environmental, Social and Governance (ESG) practices and applying digital usage.

At the 31st Northern Corridor Implementation Authority (NCIA) Meeting he chaired today, the prime minister said he had examined the main issues related to the NCER Strategic Development Plan 2024-2030.

"From 2021 to 2022, NCER contributed 34 per cent (RM197 billion) of the total approved investments," he noted in a post on X (formerly known as Twitter) today.

Anwar said the meeting also discussed the "Facilitation@NCER" initiative to drive and realise investments in the corridor region. "This will involve coordination with the Malaysian Investment Development Authority (MIDA) for ease of access to information, management of investment relationships, adjustment of services and use of the On-Track digital management platform," he added.

The meeting was also attended by the Deputy Prime Minister and Minister of Rural and Regional Development Datuk Seri Dr Ahmad Zahidi Hamidi as well as the relevant Menteri Besar as NCIA council members. - Bernama, March 27, 2024

Related News

Malaysia / 2w

EPF records investment income of RM27.7b, up 51 per cent in Q1

Opinion / 2mth

A civilizational moment for Malaysia: From Al-Attas to Osman Bakar

Malaysia / 3mth

China remains major player in Penang’s services and manufacturing sectors

Opinion / 4mth

Government Procurement Bill 2025: Evidence of government’s firm stance against corruption

Malaysia / 7mth

 PM’s claim of compliance on Sabah’s 40% share conflicts with court ruling, says Roger Chin

Malaysia / 7mth

Nation on right track towards economic objectives, say economists

Spotlight

Malaysia

Former head of a ministry's corporate communications unit acquitted of bribery charge

Malaysia

Two sisters die trapped in Johor house fire as escape routes cut off by flames

Malaysia

NS election speculation intensifies as Aminuddin granted audience with state ruler

Malaysia

Teenager who drove recklessly, causing death remanded for further investigation

Malaysia

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia

Family of five killed as car crashes into water pipe in Serian

Malaysia

'I was once spat on by a pakcik' — Marina denies fear of contesting Malay-majority seats

Malaysia

Jewellery shop among six premises destroyed in fire (video)

You may be interested

Business

Ringgit eases against US dollar as strong American data and Gulf tensions boost greenback

Business

Private capital set to power AI data centre boom as global tech capex forecast raised to US$5.3 trillion

Business

Ringgit gains as US trade policy concerns offset strong American economic data

Business

Time for banks to step up and do their part, stresses former finance minister

By Ian McIntyre

Business

SpaceX targets historic US$75 billion IPO in record-breaking market debut plan