Latest news with #MohamadHarisKaderSultan
New Straits Times
4 days ago
- Business
- New Straits Times
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.
The Sun
4 days ago
- Business
- The Sun
Kedah sees RM20.38b in realised investments
ALOR SETAR: The Northern Corridor Economic Region (NCER), through collaboration with the Kedah state government and the Malaysian Investment Development Authority (MIDA), has realised investments totalling RM20.38 billion in 2024, up from RM11.6 billion recorded the previous year. NCER chief executive Datuk Mohamad Haris Kader Sultan said this positive momentum has continued into this year, with RM9.11 billion in realised investments recorded as of May 31, creating nearly 2,000 jobs. 'This strong performance reflects investors' and industry players' confidence in Kedah's long-term prospects, and in the northern region as a whole. 'NCER will continue to play a key role while strengthening its cooperation with the state government and relevant agencies to ensure that the realisation of investments in Kedah is enhanced further and meets the standards expected by investors,' he said at the NCER Aidiladha Get-Together event here today. Prior to the event, the NCER presented its investment performance to Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor during the Kedah State Steering Committee Meeting. He was also given updates on strategic projects such as the Kedah Rubber City and the Kedah Science and Technology Park, as well as plans to boost Kedah's tourism sector. These include the implementation of the Integrated Economic and Community Centre (iCON), upgrades to tourism facilities in Mong Gajah and Tasik Pedu, and the development of Dataran Bukit Kayu Hitam. 'The iCON project is a continuation of NCER's entrepreneurship development programme, empowerNCER. 'Previously, entrepreneurs received training and support to start their businesses — now they are being provided with physical business premises to help accelerate their growth,' said Mohamad Haris. He added that the iCON Yan development is fully completed and will begin operations soon, while iCON Baling has reached 90 per cent completion. 'Demand for business space at both locations has been very encouraging due to rental rates being significantly lower than market value,' he said. Meanwhile, Muhammad Sanusi said the state government is grateful and fully supports NCER's efforts to develop the iCON projects in Kedah, calling it a meaningful initiative to bridge the urban–rural development gap by unlocking the potential of less-developed areas. 'I hope NCER will continue to play its role in supporting the Kedah state government's socio-economic development efforts. 'I am confident there is still considerable potential in Kedah to be tapped, particularly in the investment, tourism, and agriculture sectors,' he said.
