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Northern Corridor Economic Region

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Country
  
Malaysia

Headquarters
  
George Town

Created
  
30 July 2007

Area
  
17,816 km²


States
  
Perlis, Penang, Kedah, Perak

Website
  
www.koridorutara.com.my

The Northern Corridor Economic Region (NCER; Malay: Koridor Utara) is a development plan encompassing the four northwestern states of Malaysia, namely Perlis, Penang, Kedah and northern Perak. It was launched in 2007 by the federal government with an aim to transform the region into a sustainable and socio-economically balanced region by 2025. The Northern Corridor Implementation Authority (NCIA) is the statutory body responsible to establishing the NCER's direction, policies and strategies.

Contents

Background and history

Perlis, Penang, Kedah, and northern Perak (comprising the districts of Hulu Perak, Kerian, Kuala Kangsar and Larut, Matang and Selama) combine to form 7 percent of Malaysia's land area, but contributed over 20 percent to the country's GDP, 60 percent of agricultural land, 30 percent of tourism income, and 45 percent of exports in 2011, according to NCIA chief executive Redza Rafiq.

The NCER blueprint was formulated by Sime Darby Berhad. The plan calls for investments totaling RM117 billion over 18 years from 2007 to 2025. Implementation of the plan is divided into three phases. The first phase (2007–2012) involved securing anchor investors and constructing priority infrastructure. The second phase (2012–2020) aims to broaden and deepen private sector involvement, while the final phase (2020–2025) is to achieve regional market leadership through sustainable market-led growth.

Northern Corridor Economic Region Northern Corridor Economic Region

The plan targets five core economic sectors of the region: agriculture, manufacturing, tourism, logistics, and education and human capital. Penang is a key manufacturing hub in the country and is home to manufacturing plants operated by Dell, Intel and AMD. Penang and the island of Langkawi are well-known tourist destinations in Malaysia; the NCER plans to double tourist receipts and triple tourist expenditure by 2020. The plan will also promote Penang Port as a trans-shipment centre.

Achievements

Northern Corridor Economic Region Halal Industry Development Corporation Malaysia Economic Corridors

Among the key initiatives of the NCER was the construction of the Sultan Abdul Halim Muadzam Shah Bridge (or Penang Second Bridge) which opened to traffic in March 2014.

NCIA claims to have created more than 50,000 jobs as of 2015 since the NCER's inception.

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References

Northern Corridor Economic Region Wikipedia