RM9.9bil private sector investments for NCER
PUTRAJAYA: The Northern Corridor Economic Region (NCER) received some RM9.9bil in private sector investments last year, up 62.8% from RM6.08bil committed in 2010.
The figure surpassed its target of RM6.67bil, achieved on the back of new investments from the agriculture, manufacturing, tourism and logistics sectors.
Multinational corporations contributed the bulk of the investment at RM8.92bil, while local investments totalled RM877.7mil. The balance came from the Government in the form of facilitation funds.
Since January 2010, investments in the NCER are estimated to have created 26,267 jobs and business opportunities.
The NCER, one of five economic zones created by the Government to spur development and private investment in various parts of the country, is managed by the Northern Corridor Implementation Authority (NCIA).
Source: The Star, Malaysia
By John Loh, johnloh@thestar.com.my
Published on: 20 January 2012
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