Mida Kedah and Perlis director Rushdan Ghazali said the expected new investments involve the electric vehicle (EV) industry.

“The expectation that the new investment will go to Perlis may take time, we cannot estimate when Perlis will receive this investment because it is still in negotiations,” he told reporters after a Mida dialogue session with the Perlis Chinese Chamber of Commerce and Industry.

Rushdan said the Chuping Valley Industrial Area (CVIA) focuses on four clusters, namely the green industry, halal industry (including pharmaceuticals), electric vehicles (EV), and renewable energy (RE).

He said many companies, especially from China, are looking at Kulim and Sungai Petani in Kedah to invest in the semiconductor industry.

“The semiconductor hub is, of course, in Penang and Kedah (Kulim), but we also want to see investments in semiconductors spill over to the northern part of Kedah and also into Perlis.

“Many companies from China are now looking at Kulim especially, and Sungai Petani. So, we want to see that investment continue to rise,” he added.