November 30, 2011
NCIA Negotiating with Japanese Investor
KUALA LUMPUR, Nov 30 (Bernama) The Northern Corridor Implementation Authority
(NCIA) is negotiating with a Japanese firm on the latter's plan to invest in the region.
Chief executive Datuk Redza Rafiq said the firm was one of two Japanese companies
which had committed to invest in the region.
While declining to provide details of the Japanese firm's business plan, Redza
said another company was expected to commence business in high-end automotive design near Taman Tasik Taiping, Perak, early next year.
"The company is currently in the midst of preparation to start its business. About
80 staff will undergo training for the first stage soon," he told a press conference here Wednesday.
He earlier announced that the Bumiputera Agenda Coordinating Unit (Teraju) of the
Prime Minister's Department will locate its Entrepreneur One-Stop Regional Centre in the Northern Corridor Economic
Redza said the centre, to be located within the NCIA's corporate office in Penang,
would start operations in the first quarter of next year.
He also said NCIA was looking at securing more deals next year.
In the first seven months of the year, NCER saw RM6.89 billion worth of private
sector investments mainly in the agriculture, manufacturing, tourism and logistics sectors.
He said this created 9,910 jobs and business opportunities for locals.
Last year, NCER received RM6.08 billion in investments of which local
investments accounted for RM3.14 billion and foreign investments the remainder. A total of 15,898 jobs were created last year.