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Northern corridor authority targets RM10bil investments
by hlk Thu 13 Feb 2014, 11:14
GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA) is targeting to achieve RM10bil investments for the northern region this year, which is the same as in 2013.
NCIA chief executive Datuk Redza Rafiq said the manufacturing sector would continue to play a substantial role in contributing to the investments.
“We expect investments from biosecurity initiative and tourism projects to play a big role too,” he said at a media briefing cum Chinese New Year dinner here.
“We expect to achieve the targeted 30% investment to come from the private sector this year.
“We are confident of achieving the RM10bil investments targeted for 2014,” Redza said.
Last year, the NCIA achieved RM10.7bil in investments which was more than the targeted RM10bil.
The targeted participation from the private sector was 25% but NCIA realised 61.7%, which is more than the projected amount.
“We created 18,403 jobs, which is more than the 8,000 targeted for 2013,” he said.
NCIA chief executive Datuk Redza Rafiq said the manufacturing sector would continue to play a substantial role in contributing to the investments.
“We expect investments from biosecurity initiative and tourism projects to play a big role too,” he said at a media briefing cum Chinese New Year dinner here.
“We expect to achieve the targeted 30% investment to come from the private sector this year.
“We are confident of achieving the RM10bil investments targeted for 2014,” Redza said.
Last year, the NCIA achieved RM10.7bil in investments which was more than the targeted RM10bil.
The targeted participation from the private sector was 25% but NCIA realised 61.7%, which is more than the projected amount.
“We created 18,403 jobs, which is more than the 8,000 targeted for 2013,” he said.
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