Negri eyes RM35bil in investments next year

SEREMBAN: The Negri Sembilan state government has targeted investments in the state to hit over RM35bil next year.

From January to July this year, it drew RM8.1bil in investments.

Investment, industry, entrepreneurship, education and human capital committee chairman Datuk Dr Mohamad Rafie Ab Malek said he was optimistic the target can be achieved through a number of high-impact investments in the aerospace, maritime development and semiconductor sectors.

He noted that the state government had signed a memorandum of understanding with Turkish Aerospace Industries recently to set up a helicopter assembly plant at the Malaysia Vision Valley (MVV 2.0).

ALSO READ: Negri aims for RM10bil investment this year

He said the state’s planned investments and investment policies “will not only accelerate the state’s economic development but enhance the quality of life and generate quality job opportunities for (its) people.”

“We don’t want investments that (only) bring in foreign workers, that is not our aim,” he told Bernama in a recent interview.

Mohamad Rafie said RM6bil of the January-July figure involved foreign investors with the rest from domestic sources.

He added that the manufacturing sector was the primary driver, and over 5,000 jobs had been created for the local community.

The investments included the manufacture of electric vehicle batteries by Samsung SDI Energy Malaysia at the Tuanku Ja’afar Industrial Park here.

Last year, investments in the state declined to RM5.76bil owing to the Covid-19 pandemic, down from RM7.93bil in 2020.

ALSO READ: Negri draws record RM7.9bil new investments in 2020, ahead of projected RM5bil

He added that under Mentri Besar Datuk Seri Aminuddin Harun’s leadership, the state government was striving to enhance the people’s income through initiatives that included developing industrial areas, as well as the introduction of the Negri Sembilan Entrepreneur Development Fund (TUNS) which had provided a total of RM21mil in grants to small enterprises so far.

“We are striving to bring in foreign investors but at the same time we will also help our micro enterprises. We will develop both,” he said, adding that the state government is open to organising trade missions with various countries, including Canada.

On MVV 2.0, he said the project is on track with ongoing development involving the Hamilton industrial area, while the New Labu development at Parcel A is in the planning stage.

Parcel B is being planned for mixed development while Parcel C at Bukit Pelanduk and Tanah Merah, Port Dickson is earmarked for the NS Aerospace Valley, considering its location relative to the Kuala Lumpur International Airport (KLIA).

“The coastal areas of Port Dickson will also be developed as a maritime hub that will accelerate the economy in surrounding areas,” he added.

Mohamad Rafie said the state government is also planning agriculture-centric development in four districts, namely Rembau, Kuala Pilah, Tampin and Jempol. – Bernama

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