Country Economic Work for Malaysia - Islamic Development Bank
Country Economic Work for Malaysia - Islamic Development Bank
Country Economic Work for Malaysia - Islamic Development Bank
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a. Northern Corridor <strong>Economic</strong> Region<br />
90. The Northern Corridor <strong>Economic</strong> Region (NCER), which encompasses the states of<br />
Perlis, Kedah, Penang and Northern Perak, has a vision to achieve a status of world-class<br />
economic region by 2025. It aims to become a sustainable economic region empowered by a<br />
population living a balanced lifestyle with a holistic approach to business. The rationale<br />
Figure 5.4: Great KL/KV and the <strong>Economic</strong> Corridors<br />
Source: www. investkl.gov.my<br />
behind NCER is to increase the competitiveness of the country in order to facilitate<br />
improvement in the standard of living of the nation. Overseeing this initiative is the Northern<br />
Corridor Implementation Authority (NCIA), which provides direction and devises policies as<br />
well as strategies <strong>for</strong> NCER’s socio-economic development. Under the NCER <strong>Development</strong><br />
Plan, focus areas include agriculture, manufacturing, tourism, logistics services, education<br />
and health services.<br />
b. Eastern Corridor <strong>Economic</strong> Region<br />
91. The East Coast <strong>Economic</strong> Region (ECER), covering the states of Kelantan,<br />
Terengganu, Pahang and the district of Mersing in Johor, is set to become one of <strong>Malaysia</strong>'s<br />
dynamic regions offering diverse business opportunities to potential investors. Located<br />
strategically in the east coast of Peninsular <strong>Malaysia</strong>, the ECER is well placed to become a<br />
major trade and industrial gateway, offering investors access to the vast, burgeoning markets<br />
of the Asia-Pacific region and beyond, encompassing a vibrant market of about two billion<br />
people. Major investments in the region are currently focused in the booming oil, gas and<br />
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