Despite the challenging global economic environment, Kedah has been one of the top five states for investment by the business community. From January to June 2022, there were 71 approved projects in Kedah with a total investment of RM9.7 billion. More than half of these investments were from foreign sources, recording a total of RM8.9 billion. These projects will be instrumental in creating over 3,209 job opportunities.” said Datuk Wira Arham Abdul Rahman, CEO of MIDA.
As global players move towards building a sustainable and compliant business module, MIDA is aligning its strategies with the National Investment Aspirations (NIA) and environmental, social, and governance (ESG) principles to attract high-value, sustainable investment projects and collaborate with partners that are focused on “impact investing.”
Kedah has experienced a tremendous economic transformation from agriculture-based to manufacturing based. For the manufacturing sector, Kedah is fortunate to have the Kulim Hi-Tech Park (KHTP) as a catalyst, which is already known as one of the well-established technology parks in the world. The key success of Kedah in attracting investments to the state is due to the state government’s focus on post-investment activities, which prioritises taking care of investors’ needs since their first day of operation in Kedah.”
The State Government is also actively promoting investment destinations that are attractive to investors such as Bukit Kayu Hitam Halal and Logistic Centre, Bukit Selambau Industrial Area, Gurun Industrial Area, KHTP Smart SME Park, Kulim Industrial Corridor, Northern Technocity, and Padang Meha Industrial Area.
In the Southern and central part of Kedah, there are new growth areas such as Kulim Hi-Tech Park expansion, Development of Pulau Bunting, and Kedah Aerotropolis consisting Sidam Logistics, Aerospace & Manufacturing Hub, Kulim International Airport, North Corridor Highway (NCH).
The Kedah State Government is also very committed to developing the new growth areas in the northern region of Kedah with projects such as Kedah Rubber City, Delapan Special Economic Border Zone (Delapan SBEZ) in Bukit Kayu Hitam under the Northern Gateway Sdn. Bhd., Kedah Science and Technology Park, Bukit Kayu Hitam Halal Hub and Logistic Centre under PKNK.