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BUSINESS • 04/12/2024 09:42 PM

Govt Ensures Balanced Development, Including In SG4 States - Ministry Of Economy

KUALA LUMPUR, Dec 4 (Bernama) -- The government is continuously striving to ensure balanced development is implemented across regions and states, including Perlis, Kedah, Kelantan and Terengganu, which are collectively known as State Government 4 (SG4). 

According to the Ministry of Economy, the government guarantees it will continue to develop and improve the provision of comprehensive basic infrastructure, including in Perlis, Kedah, Kelantan, and Terengganu, to achieve regional balance through fair and equitable development expenditure allocation.

“Under the 5-Year Rolling Plan 2025, these states have been allocated a development fund of RM7.92 billion for the implementation of development projects under various ministries,” the Ministry of Economy stated on the Parliament website today.

The ministry was responding to Datuk Wira Dr Ku Abd Rahman Ku Ismail (PN-Kubang Pasu), who wanted to know the government’s steps to advance the economy of less developed states such as the SG4 states so they too could contribute more significantly to the country.

The Ministry of Economy stated that in line with the strategies outlined in the 12th Malaysia Plan, efforts to attract quality investment through the implementation of high-value-added projects, with a focus on technology, automation, and innovation, will continue to be intensified.

In addition, several key development projects are currently underway in these states, including Kedah’s Sungai Kedah/Sungai Anak Bukit Flood Mitigation Plan, and the construction of the new Kuala Terengganu Bypass road. 

 The Ministry of Economy stated that the government has also provided development allocations to economic corridor authorities for 2025.

These include the East Coast Economic Region Development Council (RM226.65 million), the Northern Corridor Implementation Authority (RM238.45 million), and the Iskandar Regional Development Authority (RM121.57 million).

Additionally, the Sabah Economic Development and Investment Authority has been allocated RM52.82 million, and the Regional Corridor Development Authority has been allocated RM240 million.

-- BERNAMA

 

 

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