The Northern Corridor Economic Zone (NCER) opens its doors to the region at the Malaysia Pavilion at Expo 2020 Dubai – Dubai Blog

The Northern Corridor Executive (NCIA), a Malaysian government agency, officially launched its business plan yesterday at the Malaysia Pavilion at Expo 2020 Dubai, which is the eighth week of the pavilion’s 26-week program.Initiated by His Excellency Mohammad Tarid Sufian, Malaysian Ambassador to the UAE, this week will be held on the 21st^Yingshi Until 27^dayIn November 2021, showcase NCER’s trade and investment opportunities at the World Expo and showcase major government initiatives.

The Northern Corridor Economic Zone (NCER) covers the four northern states of Peninsular Malaysia: Perlis, Kedah, Penang and Perak. It occupies a prominent position in the Indonesia-Malaysia-Thailand growth triangle and is an important gateway for investment in Southeast Asia. Business and commercial expansion of the industry. It is an ideal investment and trade destination with a sustainable economic ecosystem that can support investors seeking to expand or establish business and operations in Southeast Asia.

Hasri Hasan, Chief Operating Officer of NCIA, said: “NCER has complete infrastructure such as road connections, airports, seaports and inland ports. The region also has a mature ecosystem, existing public-private partnerships and attractive financial incentives. Measures to continue to attract strategic investment partners around the world. NCER’s highest-value investors are from the United States, China and Japan.”

From 2009 to 2020, the region has attracted a committed investment of US$31.22 billion and realized investment of US$26.65 billion. It is also home to 28,074 entrepreneurs. This has resulted in the creation of 188,618 jobs and 161,929 jobs in the region.

For investors, the two key hot spots are Kedah Rubber City (KRC) in Kedah and Chuping Valley Industrial Zone (CVIA) in Perlis. These regions provide local and foreign investors with mature and efficient supply chains, integrated logistics solutions and numerous opportunities. These industrial parks are also prepared to play a key role in strengthening regional cooperation within the Indonesia-Malaysia-Thailand growth triangle.

Although the pandemic has started and production has fallen by about 60%, NCER has maintained its socio-economic resilience and is currently focusing on talent training in strategic, high-impact industries. This is achieved by implementing strategically significant high-impact projects, expanding the employment sector in the region, strengthening the overall talent ecosystem, and increasing economic activities to accelerate the socio-economic recovery of the region.

To ensure the socio-economic recovery of NCER after the pandemic, NCIA has designed a people-oriented overall and comprehensive human capital plan. These programs are designed to benefit those who have lost their jobs, unemployed graduates, and companies looking to expand their business.

NCER also promotes local entrepreneurs to become international participants through its human capital program. The Malaysia Pavilion’s Business Week has ten entrepreneurs from the region who will showcase their innovative and high-quality products ready to export.