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Published: Wednesday January 29, 2014 MYT 12:00:00 AM
Updated: Wednesday January 29, 2014 MYT 7:02:11 AM

RM10.7bil in NCER investments last year

PUTRAJAYA: The Northern Corridor Economic Region attracted a total of RM10.7bil in investments last year, mostly from the tourism and manufacturing sectors.

The investments in projects in Kedah, Penang, Perlis and Perak created 18,400 jobs. Local private sector participation in the economic region also saw a jump to 61.7% last year from 38.3% the previous year.

The companies involved are Inokom Corporation Sdn Bhd (in Kulim, Kedah), Telekom Malaysia Bhd (Perlis), B. Braun Medical Industries Sdn Bhd (Penang) and Yayasan Kemajuan Sosial Malaysia (Kerian, Perak).

Their investments were revealed at the conclusion of the Northern Corridor Implementation Authori­ty’s (NCIA) 11th council meeting here yesterday.

Prime Minister Datuk Seri Najib Tun Razak chaired the meeting, which was held at the Perdana Putra Building here.

Present were Mentris Besar Datuk Seri Mulhriz Mahathir (Kedah), Azlan Man (Perlis), Datuk Seri Dr Zambry Abdul Kadir (Perak) and Penang Chief Minister Lim Guan Eng.

Najib witnessed the exchange of documents for the projects between the companies and the respective state governments.

Tags / Keywords: Government, Business, najib razak, northern corridor

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