Five economic corridors attracted RM87.56 billion in investments and created over 108,000 jobs by October 31, according to the finance minister.
KUALA LUMPUR: Malaysia’s five economic corridor regions have attracted total investments of RM87.56 billion in the first ten months of this year.
Finance Minister II and acting Economy Minister Datuk Seri Amir Hamzah Azizan revealed the figures during his parliamentary winding-up speech on the 2026 Budget.
The investments generated 108,243 jobs between January and October 31 this year.
The five corridors fall under IRDA, NCIA, ECER, SEDIA and RECODA’s jurisdiction.
“We are implementing a Corridor Authority Impact Assessment to review roles, functions and governance structure,” Amir Hamzah told the Dewan Rakyat.
He said the assessment is expected to be completed in the first quarter of 2026.
Responding to MPs’ queries, he said corridor authorities will focus on facilitating investments aligned with the National Investment Council’s wishes.
The ministry monitors project progress through various committees and meetings chaired by the prime minister and state leaders.
Regarding increased corridor allocations in Budget 2026, Amir Hamzah said this covers infrastructure development and upgrading.
Additional funding also supports training programmes, talent development and rural entrepreneurship ecosystems.
The overall increase for the five corridor authorities covers operating expenses including marketing, utilities and consultancy services.
When questioned about Perlis State Economic Development Corporation’s status, Amir Hamzah confirmed the entity still exists.
“The Perlis PKEN still exists, it is just that there are no new project applications and currently the Perlis PKEN is focusing on implementing extension projects,” he said. – Bernama
