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NCER records RM20.38 billion in realised investments in Kedah last year

NCER records RM20.38 billion in realised investments in Kedah last year

ALOR STAR: The Northern Corridor Economic Region (NCER) recorded RM20.38 billion in realised investments in Kedah in 2024, a significant increase from RM11.6 billion the previous year.
Northern Corridor Implementation Authority (NCIA) chief executive, Datuk Mohamad Haris Kader Sultan, attributed this achievement to close collaboration between the Kedah state government and the Malaysian Investment Development Authority (Mida).
He said the positive investment trend had continued into 2025, with RM9.11 billion in realised investments recorded as of May 31, creating nearly 2,000 job opportunities.
"This strong performance reflects the high level of confidence investors and industry players have in the future potential of Kedah and the northern region as a whole.
"NCIA will continue to play a vital role, strengthening collaboration with the Kedah state government and relevant agencies to ensure investment realisation in the state meets the expectations of investors," he said in a statement issued after attending the Kedah NCER Steering Committee meeting, chaired by Menteri Besar Datuk Seri Muhammad Sanusi Md Nor.
Meanwhile, Sanusi said that the NCIA had secured five investors for Phase 1 of the Kedah Rubber City (KRC) project, located in the Padang Terap district.
He added that Tenaga Nasional Bhd (TNB) had completed the electricity infrastructure for KRC.
"The state government will apply for funding from the Economy Ministry to upgrade the road connecting Pokok Sena to Padang Terap," he told reporters following the meeting.
Sanusi also announced that the NCIA has attracted a potential investor for the Kedah Science and Technology Park in Bukit Kayu Hitam.
In addition, the NCIA has completed the Integrated Community and Economic Centre (iCON) project in Yan, while the Baling iCON facility has reached 90 per cent completion.
iCON is an extension of NCER's empowerNCER entrepreneurship development programme, aimed at improving community livelihoods and economic participation.
Sanusi expressed his gratitude to the federal government for facilitating the smooth implementation of NCIA-led projects across the state.
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