Northern corridor body to facilitate RM2b investments
The investments in manufacturing, agriculture, education, and human capital sectors are expected to boost the economies of Perlis, Kedah, Penang and Perak.
The investments in sectors such as manufacturing, agriculture, education, and human capital sectors are expected to further boost the economies of Perlis, Kedah, Penang and Perak.
NCIA chief executive officer Datuk Redza Rafiq said that one of the investments will include a RM50 million manufacturing facility for consumer electronics appliances.
"The location for the factory has not been finalised as yet although the factory, which will be owned by a Malaysian investor with operations in Thailand, is expected to be built before the end of 2011," he said in Penang yesterday.
Redza said the proposed investment was meant to raise the output for the company's existing exports markets of India and Indonesia.
Meanwhile, a RM5 million royal jelly factory is likely to be set up in Kamunting, Perak, in the second quarter of next year.
The NCIA was established under the Northern Corridor Implementation Authority Act 2008 as the authority responsible for providing direction and devising policies and strategies for socio-economic development in the 21 districts in Kedah, Perak, Perlis and Penang.
Redza said for this year, the authority had facilitated projects with total investments close to RM6 billion.
Also included is NCIA's investment of RM60.1 million in human capital development projects in the four states to support projects ranging from those related to tourism, manufacturing and education.
More than RM2 billion of investments within the four northern states are poised to be facilitated by the Northern Corridor Implementation Authority (NCIA) next year.
The investments in sectors such as manufacturing, agriculture, education, and human capital sectors are expected to further boost the economies of Perlis, Kedah, Penang and Perak.NCIA chief executive officer Datuk Redza Rafiq said that one of the investments will include a RM50 million manufacturing facility for consumer electronics appliances.
"The location for the factory has not been finalised as yet although the factory, which will be owned by a Malaysian investor with operations in Thailand, is expected to be built before the end of 2011," he said in Penang yesterday.
Redza said the proposed investment was meant to raise the output for the company's existing exports markets of India and Indonesia.
Meanwhile, a RM5 million royal jelly factory is likely to be set up in Kamunting, Perak, in the second quarter of next year.
The NCIA was established under the Northern Corridor Implementation Authority Act 2008 as the authority responsible for providing direction and devising policies and strategies for socio-economic development in the 21 districts in Kedah, Perak, Perlis and Penang.
Redza said for this year, the authority had facilitated projects with total investments close to RM6 billion.
Also included is NCIA's investment of RM60.1 million in human capital development projects in the four states to support projects ranging from those related to tourism, manufacturing and education.
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