DXN Holdings: Driving Investments and Job Creation in Kedah
DXN Holdings has recently entered into a landmark agreement that is set to pave the way for significant investments and job creation in Kedah, Malaysia. This strategic move is expected to not only boost economic growth but also align with the long-term vision of the region.
Empowering Economic Growth in Kedah
The agreement signifies a crucial step towards fostering economic development in Kedah. With a strong focus on foreign direct investment (FDI), Kedah stands to benefit from initiatives such as the Kulim Hi-Tech Park (KHTP), Kulim Industrial Corridor (KIC), Bukit Kayu Hitam Special Border Economic Zone (BKH SBEZ), Kedah Rubber City, and Kedah Science & Technology Park (KSTP).
Projections indicate annual FDI inflows of RM40-50 billion and a real GDP growth forecast of 5-7% per year. These figures position Kedah as a prime investment destination and an emerging economic hub in northern Malaysia, in line with ambitious plans like Greater Kedah 2050 and Pelan Kedah 2035.
Collaborative Efforts for Socio-Economic Progress
The five-year Memorandum of Understanding (MoU) not only focuses on economic development but also underscores commitments to socio-economic advancement and talent nurturing, aligning closely with Kedah’s broader developmental goals.
The formalisation of the MoU was marked by an official ceremony graced by Kedah’s Chief Minister, Datuk Seri Muhammad Sanusi Md Nor. Highlighting the significance of such partnerships, the Chief Minister emphasized the tangible benefits that proactive business collaborations can bring to the local community and the overarching vision of Greater Kedah 2050.
DXN’s Role in Driving Progress
DXN, a homegrown enterprise with global reach, exemplifies a blend of excellence in corporate governance and sustainable growth practices. Its commitment to Kedah and Malaysia sets a benchmark for quality and innovation within the region’s business landscape.
Invest Kedah’s Chief Operating Officer, Noor Ikhsan Abdul Aziz, hailed this public-private initiative as a pivotal component of Kedah’s comprehensive strategy to modernize its economy and attract diverse investments.
In conclusion, with the strategic collaboration between DXN Holdings and key stakeholders in Kedah, the region is poised for substantial growth, job creation, and economic transformation, setting the stage for a vibrant and prosperous future.
