The Northern Corridor Economic Region
The Northern Corridor Economic Region development programme is a Government
initiative to accelerate economic growth and elevate income levels in the north of Peninsular Malaysia –
encompassing the states of Perlis, Kedah, Pulau Pinang and the north of Perak (Four districts in Perak that fall
within the NCER are: Hulu Perak, Kerian, Taiping, Kuala Kangsar and Larut Matang-Selama) The NCER initiative will
span from 2007 to the end of the 12th Malaysia Plan period, i.e. 2025.
There are a number of objectives behind the NCER initiative. Firstly, the
programme is part of the Government’s commitment to helping the Region maximise its economic potential and closing
the development and income gap between the different regions in Malaysia. Secondly, the Malaysian economy aims to
move towards higher value-add and knowledge-based economic activities to drive further increases in per capita
income. The NCER has the potential to make Malaysia a regional leader in a number of these sub-sectors.
- Stream Of Benefits
Northern Perak shares in joy of neighbour TODAY marks day two of the opening of the Sultan Abdul Halim Mu'adzam Shah Bridge. Malaysians, Penangites in particular, are celebrating the nation's latest pride, built at a cost of RM4.5 billion.
They have every reason to do so as the 24km link (17km of which is over water) is the longest bridge in Southeast Asia.
People in this silver state, along with those in Kedah and Perlis, are no exception either. They, too, share in the joy of their neighbour.
After all, the four states come under the Northern Corridor Economic Region (NCER), which focuses on accelerating economic growth and elevating income in northern Peninsular Malaysia by becoming a world-class economic region in the year 2025.
- Boost for Taiping Tourism
Taiping, the second-largest town in Perak after Ipoh, is set to get a RM525 million boost for its tourism and hospitality industry with the construction of five new hotels between now and 2016.
When completed, the five hotels will boast a total of 664 rooms.
The new hotels are a result of spillover effects following the recent announcement that more than RM400 million in investments will be poured into the town by year-end.
- Greater Kamunting
One of the 34 entry-point projects for the "Greater Kamunting" area in Perak. The area, encompassing Taiping and Kamunting, has a potential to draw RM18 billion in investments from this year until 2030.
Other investments expected to be secured for Taiping this year are from the tourism, logistics and agricultural sectors. "Our plan is to transform the Greater Kamunting area into a high-technology park.
- Kamunting to attract 400 Mil Investment
NCIA is looking forward to securing another RM400mil in investments by year-end in manufacturing, tourism, agriculture and logistics in Kamunting.
The NCIA yesterday launched its Phase 2 development plan in Perak in conjunction with the inauguration of its new office in Taiping.
- 34 entry-point projects
Perak will implement 34 entry-point projects, worth RM18 billion, from 2013 until 2030, under phase two of the development of the Northern Corridor, called the 'Greater Kamunting'.
Menteri Besar, Datuk Seri Dr Zambry Abd Kadir, said the state government has held discussions with the Northern Corridor Implementation Authority (NCIA) on the types of industries for the area.
- NCIA ropes in 4 projects
The Northern Corridor Implementation Authority (NCIA) has roped in RM1.96bil as a result of its collaboration with the private sector in four projects in each of the states under its purview.
Among the projects are the development of the first mall-cum-four-star hotel in Taiping and a luxury boutique hotel in Langkawi.
- NCER double-digit growth in FDI
NCER - The Northern Corridor Implementation Authority (NCIA) is confident that the Northern Corridor Economic Region (NCER) would be able to record double digit growth in foreign direct investment (FDI) this year.
- NCIA Negotiating with Japanese Investor
The Northern Corridor Implementation Authority (NCIA) is negotiating with a Japanese firm on the latter's plan to invest in the region. The company was expected to commence business in high-end automotive design near Taman Tasik Taiping, Perak, early next year.
- 18-year Plan for NCER
A masterplan was launched to spur growth and boost income levels in the Northern Corridor Economic Region (NCER), designed to bring Perlis, Kedah, Penang and northern Perak to new levels over the next 18 years or up to end of the 12th Malaysia Plan. NCER is home to 4.29 million people.
- NCER projects
The Northern Corridor Economic Region (NCER) development programme is a Government
initiative to accelerate economic growth and elevate income levels in the north of
Peninsular Malaysia – encompassing the states of Perlis, Kedah, Pulau Pinang and the
northern Perak. The NCER initiative will span from 2007 to the end of the 12th Malaysia
Plan period, i.e. 2025.
- Second Penang Bridge
Penangites and visitors to the Pearl of the Orient will have to be patient for a few more years, as the Second Penang Bridge is scheduled to roll out only in 2013. With the new link, island-bound traffic will be able to flow from Batu Kawan in Seberang Perai, to Batu Maung on the other end.
- Northgate Avenue
Northgate Avenue only about 200 metres from the border, would include the construction of commercial premises, sports facilities, hotels and factories. such development would also require the cooperation of various ministries and the United Nations Educational, Science and Cultural Organisation (Unesco) to ensure they would emerge as important tourist destinations.
- 20,000 Jobs in next 10 years
More than 20,000 jobs and 232 business opportunities in various sectors are expected to be created in the next 10 years under the Northern Corridor Economic Region (NCER) programme.
- Upgrade for Penang Airport
THE Penang International Airport (PIA) will have a spanking new look in June 2012 under its RM250mil expansion project. PIA’s passenger load had consistently ranked fourth among the country’s 39 airports.
PERAK is set to become an animation centre of the world on par with Disney following the opening of Perak Innovation and Creative Resource Centre (Pincer).
- LCCT in Perak
Initial discussions with the Federal Government for Perak to set up its own low-cost carrier terminal (LCCT) in the northern part of the state has taken place.
The site is expected to take up 4,000 acres in the vicinity of Parit Buntar and Taiping, which is in the area of the Northern Corridor Economic Region. This would bring about economic activity and make Taiping and Parit Buntar a new growth centre.
- Vale Project in Perak
Brazilian mining giant Vale International SA's construction costs in its iron-ore transshipment project will be between RM9bil and RM14bil over a five-year period, and the project will likely start in July or August this year.