Northern Corridor Economic Region
| Northern Corridor Economic Region Koridor Utara |
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|---|---|---|
| Economic corridor | ||
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| Country | Malaysia | |
| States | Perlis, Penang, Kedah, Perak | |
| Created | 30 July 2007 | |
| Headquarters | George Town | |
| Government | ||
| • Statutory body | Northern Corridor Implementation Authority | |
| • Chief Executive | Redza Rafiq | |
| Area | ||
| • Total | 17,816 km2 (6,879 sq mi) | |
| Website | www |
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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.
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.
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.
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