NCER Targets RM470 Bln Investment Realisation By 2030

PUTRAJAYA, Sept 15 (Bernama) -- The Northern Corridor Economic Region (NCER) aims to realise a cumulative investment of RM470 billion by 2030, with 70 per cent of it contributed by key sectors such as electrical and electronics, automotive, high-value tourism and modern agriculture.

The target, which is RM126.2 billion higher than the RM343.8 billion under the previous NCER development plan, is the result of an initiative under the NCER 2026-2030 Strategic Development Plan, launched by Economy Minister Akmal Nasrullah Mohd Nasir here today.

The new plan also aims to increase the gross domestic product (GDP) of the Northern Region to RM369 billion; create 310,000 quality job opportunities, including 45 per cent high-skilled jobs; and raise the median household income to RM7,500.

Akmal Nasrullah said the plan launched today is a manifestation of the government's commitment to translating the vision of the 13th Malaysia Plan (13MP) to the regional level in an organised and high-impact manner.

"This plan is not just a planning document, but a key catalyst in driving NCER as a leader in high-value industrial investments and a global hub for research, development, commercialisation, as well as technology and innovation," he said at the Media Briefing: NCER Strategic Development Plan.

-- BERNAMA