NCER woos RM6.89b investment in Jan-July period
PENANG, Sept 7 (Bernama) -- The North Corridor Economic Region (NCER) has wooed RM6.89 billion worth of investments between January and July, surpassing RM6.08 billion, its full year investments last year.
Its chief executive Datuk Redza Rafiq said this year's investments showed significant participation from foreigners, especially from Europe and the US, as compared to last year.
"Of the RM6.89 billion investments, 86% were from foreigners, while 14% from locals," he said after a media tour to the NCER today.
Redza said he saw a positive uptrend investment for the remaining months this year from the recent deals sealed with three foreign companies and a domestic company, as well as the positive economic outlook.
Last year, NCER's investments soared to RM6.08 billion compared to RM1.4 billion in 2009 and 2008, with 56% foreigners' participation and 44% local investors.
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