Kedah Rubber City draws RM3.344 billion in investment commitments
Discussions with three more potential investors involve an estimated RM450 million, according to Economy Minister Akmal Nasrullah Mohd Nasir.
Five key investors had committed RM3.344 billion to Kedah Rubber City (KRC) as of September 2026, Economy Minister Akmal Nasrullah Mohd Nasir told the Dewan Rakyat. The government is also discussing potential investments estimated at RM450 million with three other parties.
Akmal Nasrullah provided the figures while concluding debate on the Supply Bill 2027 and the motion covering development expenditure estimates for 2027.
He said regional development authorities are implementing 41 corridor development projects, of which five are new and 36 are ongoing. The Northern Corridor Implementation Authority (NCIA) has been allocated RM194.75 million for 2027, covering four new projects alongside 16 ongoing projects.
The ministry’s development spending priorities for 2027 also include technology, sustainable development goals and support for local small and medium enterprises (SMEs). Akmal Nasrullah cited work on a carbon capture, utilisation and storage (CCUS) framework, blue economy initiatives and industrial facilities intended to help local supply chains meet global standards.
Funding will also pass through State Economic Development Corporations for modern business premises and industrial sites dedicated to SMEs. Planned initiatives include a new SME factory at Chembong, Negeri Sembilan, with a projected cost of RM10.2 million, and Phase 5 development at Kedah’s Kulim Hi-Tech Park, costing RM47 million.
Following debate involving 17 members of Parliament, the Dewan Rakyat passed the ministry’s Budget 2027 expenditure estimates by majority voice vote. These comprise RM645.42 million for operating expenditure and RM2.12 billion for development expenditure.
