SERI ISKANDAR, The Northern Corridor Economic Region (NCER) will be focusing on new and emerging sectors, including renewable energy (RE), in line with the sustainability and green agenda for the next five to 10 years.
Northern Corridor Implementation Authority (NCIA) chief operating officer Hasri Hasan said these emerging sectors have changed the agency's method and approach to investments, human capital development as well as projects, among others.
“For example, in terms of investments, we see a lot of companies investing in Malaysia putting a lot of emphasis and priority on having their energy supply from renewable sources. Some have actually put a certain percentage like 10 to 15 per cent.
“I think this is where cross sector collaboration is very important, When we design and also plan industrial parks for example, we need to look at how to ensure all of our industrial parks and projects have all this sustainability and also bring technologies," he added.
Hasri said this during a special dialogue titled ‘Innovative Synergy Towards Sustainable Development - New Emerging Industries for Better Tomorrow’ at the Malaysia Sustainable Development Goals (SDG) Summit 2023: Northern Region here today.
He added that the NCIA has started to look into taking proactive measures to ensure that requirements by investors could be fully met.
“We need to discuss and collaborate with a lot of agencies and ministries in Malaysia such as the Natural Resources, Environment and Climate Change Ministry so that we can further enhance and improve the policies to attract investments," said Hasri.
He noted that in terms of implementation, NCIA is working closely with the state governments to ensure that the planning stage addresses and fulfils investors’ requirements.
“RE is one of our key focuses in the next five to 10 years so we need to ensure that all our projects, including industrial parks will incorporate RE elements," he added.
The one-day summit was organised by the NCIA together with the Economy Ministry, aimed at supporting the federal government's efforts to promote SDG implementation and achievements at state and local levels while raising awareness and understanding of the SDGs among Malaysians.
The summit highlighted the importance of economic corridors and their integration into the National SDG Framework and emphasised the need for alignment between SDG goals and local-level plans, programmes and projects, stressing the critical role of regional implementation in achieving the Sustainable Agenda 2030.
Source: BERNAMA News Agency