Development corridors brought in RM447bil

KUALA LUMPUR: Development corridors in Peninsular Malaysia and Sabah have attracted RM447.35bil in investments, says Finance Minister Lim Guan Eng.

“The investments created 1,874,267 jobs,” he said when replying to a question raised by Datuk Seri Fadillah Yusof (GPS-Petrajaya) in Parliament yesterday.

Fadillah asked about the current status of the economic corridors that were set up under the previous administration.

Lim said the authorities in charge of the economic corridors would continue and would come under the supervision of the Finance Ministry.

The authorities, Lim said, were Iskandar Regional Development Authority, the Northern Corridor Implementing Authority (NCIA), East Coast Economic Region Development Council, Territorial Corridor Development Board and Sabah Economic Development and Investment Authority.

Lim informed lawmakers that he would have a clearer picture of NCIA’s development strategy following his appointment as one of its directors on Wednesday.

To a supplementary question by Khairy Jamaluddin, Lim agreed that there were overlapping investment figures between the Malaysian Investment Develop-ment Authority.

development , corridors