The Padang Besar Chuping Valley Industrial Area (CVIA) project is to contribute RM2.58 billion to gross national income (GNI) of the country once fully operational.
CVIA, which was launched on Monday and slated for completion in 2025, is also expected to change the economic landscape and become the socio-economic catalyst for the people of Perlis.
The CVIA, spread over 3,300 acres (1,335.46ha), has the Perlis Inland Port, a 500-acre logistics hub as well as an industrial area that focuses on three clusters, namely renewable energy generation, green manufacturing and the halal industry.
In the early stage of the CVIA, more than 12,500 job opportunities will be created and the figure is expected to double over the long term.
The various incentives provided by the government in line with the Transformasi Nasional vision will see the CVIA attracting a lot of investors to the Chuping Valley.
Several parties including companies from China have expressed interest in investing in the CVIA, and among the projects talked about was an RM300 million 50mw solar farming venture.
The federal government has already approved an initial allocation of RM873.5 million to start work on the basic infrastructure for CVIA.
“CVIA will be a key socio-economic catalyst to push the people from the traditional economy which focused on the agriculture segment to a modern one,” said Menteri Besar (MB) Azlan Man.
He is optimistic that the CVIA, which has been carefully planned from 2014, will attain its objective based on the positive feedback from prospective foreign investors and the private sector.
“There are also positive signs of a recovery in the global economy in the not too distant future.
“We are doing the right thing. I am confident that the Perlis Maju 2030 vision will be realised within the CVIA’s success,” said Azlan at the launch of the CVIA by Raja Perlis Tuanku Syed Sirajuddin Putra Jamalullail at the project site in Padang Besar on Monday.
Tuanku Syed Sirajuddin also expressed confidence on the potential of CVIA project will become a socio-economic catalyst for the people of Perlis.
He urged industry players, especially the private sector and foreign investors to seize the opportunity that would be provided at CVIA.
“The high-impact project which is equipped with an inland port is the state’s largest industrial area that will transform Padang Besar into a lucrative logistics hub in northern Malaysia,” he said.
The state ruler said it was impossible for the smallest state in Malaysia to take on grand projects alone, and urged for the involvement of various parties to provide support as well as help boost the development of the CVIA via their investments.
He commended the state government’s efforts in collaborating with the Northern Corridor Implementation Authority (NCIA) in executing a detailed plan of the CVIA project since 2014, apart from receiving support from various government agencies to ensure the smooth running of the project.
“It is the first time in the history of the state that more than 1,200 hectares of an industrial area have been established, offering job and business opportunities to the people.
“Perlis has long enjoyed political stability and strong unity. Thus, the time has come for us to improve the development of the state,” said Tuanku Syed Sirajuddin.