Agriculture, the mainstay of the region’s economy, is gradually taking on a new face thanks to commercialisation and integration, while human capital development is gradually taking centre stage with the establishment of new tertiary institutions.Hence, the formation of the Corridor Economic Regions Development Council to spearhead the implementation of the plan in the region is a positive move which will fast track the socio-economic development for the states of Malaysia. While the Government will spearhead major infrastructural initiatives in this region, the private sector must play its role to drive the investment in this region, and at the same time cultivate smaller businesses and entrepreneurs.
Potential investors can look forward to an attractive package of incentives, tailor-made especially for this region, with the aim of transforming the Corridor Economic Regions into a cost-competitive and vibrant business hub, poised for future growth. The Government, on its part will ensure that the physical infrastructure will be in place to provide a sound foundation for future growth. The new and enhanced land, sea and air transportation projects as outlined in the Corridor Economic Regions Master Plan will significantly improve the connectivity and linkages between the region and the Kuala Lumpur Conurbation and other demand centres locally and internationally.With the full commitment of both the public and private sectors, the Government is confident that we can all work together to realise the vision of Corridor Economic Regions to become a developed region by the year 2020.
Function of Urban Governance
· Sets direction, policies and strategies in relation to the Corridor Economic Regions 's development
· Coordinates role between Government entities in the promotion of trade, investment, tourism and development activities
· Acts on behalf of Government agencies with the Corridor Economic Regions to receive, process and expedite approvals for trade, investment and development in the Corridor Economic Regions
· Promotes and stimulates economic, social development and private sector investments in the Region
Establishes policies, direction, strategies and initiatives for sustainable development. An Implementation and Coordination Committee (ICC) for each of the state of Malaysia will be established by the Corridor Economic Regions. Among others, the ICCs will identify major or strategic development and investment in the Corridor Economic Regions with regard to their respective states, monitor the status of all related applications and coordinate the roles and activities of relevant government entities to expedite the implementation of such identified major or strategic development and investment in the Corridor Economic Regions .