MALAYSIA - launches massive northern development plan

Channelnewsasia.com, 30 July 2007

Prime Minister Abdullah Ahmad Badawi on Monday launched a 51-billion-dollar development masterplan to spur economic growth and reduce poverty in northern Peninsula Malaysia. The Northern Corridor Economic Region (Northern Corridor) is a government initiative to boost the economy and raise income levels in the northern states of Perlis, Kedah, Penang and Perak over 18 years. "Projects and programmes to enhance human capital, infrastructure, and competitiveness in the region will involve about 177 billion ringgit public and private sector investments from 2007 to 2025," a government statement said.
"The focus will be to turn the Northern Corridor into a modern food zone of Malaysia, increase the value-add in the manufacturing sector and strengthen tourism," it said.

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