MALAYSIA - Northern Malaysia’s major plans

Asia Property Report - September 19 2007

Malaysia’s Prime Minister, Datuk Seri Abdullah Ahmad Badawi, announced on July 30 the government’s plan to develop the country’s northern region. Dubbed the Northern Corridor Economic Region (NCER), the plan will introduce a slew of projects to spur growth and boost income levels in the states of Perlis, Kedah and northern Perak. Penang is also included in the masterplan and is expected to play a major role as a logistics and transportation hub and a gateway to the region.
The government hopes to attract up to RM177 billion (about US$50 billion) in investment over 18 years, with two-thirds of it coming from the private sector, according to government estimates. Sectors like agriculture, manufacturing, tourism and logistics will be the major beneficiaries of the NCER project.

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