PENANG is optimistic that the Northern Corridor Economic Region (NCER) can record RM367.8 billion in realised investments by 2030 through three new focus areas.
Chief Minister Chow Kon Yeow said it was an anticipated target by the Northern Corridor Implementation Authority (NCIA) and the Malaysian Investment Development Authority (Mida).
“The target is anticipated considering that this estimate is based on the efforts undertaken.
“What is projected by NCIA is usually lower than the actual achievements,” he replied to the media after attending an event at Jabil Penang (Plant 1) in Hilir Sungai Keluang 1 today.
Chow said the 31st Northern Corridor Implementation Authority (NCIA) Meeting on March 27 was filled with optimism.
“We have both opportunities and challenges. However, opportunities will only favour those who are prepared,” he said when questioned about the meeting.
It was reported that the government aims for the NCER to record RM367.8 billion in realised investments by 2030 through three new focus areas.
Prime Minister Datuk Seri Anwar Ibrahim said NCER plans to become a world-class economic and technological hub through three new areas of focus – advanced services, high value manufacturing and modern agriculture.
Story by Christopher Tan
Pix by Siew Chia En
Video by Alissala Thian