Kedah chalks up ‘amazing’ RM43bil investments despite Covid-19

Kedah chalks up ‘amazing’ RM43bil investments despite Covid-19

Menteri besar Muhammad Sanusi Md Nor says more high-impact projects are expected in the second half of the year.

Kedah has surpassed the other states in investments so far this year.
ALOR SETAR:
Kedah has recorded investments totalling RM43 billion so far this year, making it the state with the highest amount of investments.

Kedah is in pole position in terms of approved investments, followed by Selangor with RM8.6 billion, Sarawak (RM6.9 billion), Sabah (RM 5 billion) and Kuala Lumpur (RM4.9 billion).

Menteri besar Muhammad Sanusi Md Nor said the achievement was “amazing” with Covid-19 affecting the country and the world at large.

In a statement released by Invest Kedah Berhad today, he said Kedah expected more investments in the second half of the year, boosted by high-impact projects.

Recently, Austria’s AT&S announced plans to build its first production plant in Southeast Asia in Kulim. The company, which builds high-end circuit boards, is expected to invest RM8.5 billion and create some 5,000 high-tech and high-impact jobs.

Kedah has also attracted other infrastructure-related investments such as a RM40 billion reclamation and mixed-use development at Langkawi, and a RM1.3 billion racing circuit on the duty-free island.

Glovemaker Hartalega has also announced an investment of RM7 billion to open 16 factories in Kedah.

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