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Domestic Investors
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| The main goal of the Northern Corridor is to attract local investors to invest in the region. The involvement of local investors is crucial. One of the initial main investors to the programme is Sime Darby Bhd and their involvement is seen as a stepping stone to instill confidence in other main local investors to start investing in the region. |
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Foreign Investors
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| Over the last decade, other countries in the region have become more competitive in attracting foreign investments. Many governments have also offered attractive incentives for companies to invest in their countries, and the offer of corporate tax exemptions has become common practice. Malaysia’s share of FDI in the region has decreased with rising regional competition from Vietnam and Thailand. Global players such as China and India are also an attractive FDI destination for investors. |
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| Malaysia, and the Northern Corridor in particular, needs to become an attractive location for foreign and domestic investments by creating other strengths such as human capital and research excellence. By doing so, foreign investors in the region will also act as catalysts for growth and success for the initiatives laid out for the region. |
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