- Growth within E& E, M& E and medical device sectors
- States have benefited 92k recipients, business communities
The Northern Hallway Implementation Authority (NCIA) has said it guaranteed US$3. 8 billion dollars (RM17. 25 billion) in approved assets and created 12, 315 new jobs as of July 31.
In a statement, NCIA said this was supported simply by sustained growth in the E& E (electrical and electronic), M& E (mechanical plus electrical) and healthcare devices sectors in the Northern Corridor Financial Region (NCER).
“These optimistic developments including the current investment by FGV, Baladna Food Industries and Touch Team Holdings to develop a built-in dairy farm company in Chuping, Perlis to support the national food security agenda is testament to the particular confidence private investors have in the region’s economic and talent ecosystem, ” said Ismail Sabri Yaakob, prime minister associated with Malaysia.
NCIA chief executive Mohamad Haris Kader Sultan said to support the particular increasing industry requirements coming from these proper investments, NCIA is focused on further building up the talent ecosystem to ensure the integration with the industry’s supply chain to increase NCER’s comparison advantage and tackle any post-pandemic gap in the ecosystem.
The company claimed its Kasih Ibu NCER, empowerNCER, entrepreneurNCER [email protected] , [email protected] , plus Dana Usahawan NCER which are its rakyat-centric human capital programs have benefitted ninety two, 493 recipients plus business communities within the Northern Corridor Financial Region since 2019.
It said through the NCER Dana Pembangunan Modal Insan (DPMI), the sustainable financial useful resource can be mobilised through government and personal collaboration.
It observed that these programmes are implemented in an all natural and integrated way and as such, will be in-line with other government initiatives such as Jamin Aksi and Pembasmian Kemiskinan Tegar Keluarga Malaysia (BMTKM) programmes to enhance social mobility between the vulnerable groups and accelerate socioeconomic recovery.
“Through these various initiatives by NCIA supporting the rakyat, business communities and investors, coupled with strong economic fundamentals and robust ecosystem, the location is on track to attain and exceed its targets in terms of investments in-flow and work creation by the end of 2022, ” said Mohamad Haris.