KEDAH WANTS MODERN, PROGRESSIVE POPULATION TO GAIN INVESTOR CONFIDENCE

12 Jul 2013 11:19

SUNGAI PETANI, July 8 (Bernama) -- The Kedah state government wants its people to be modern and progressive in order to be able gain the confidence to invest in the state and make it competitive.

Menteri Besar, Datuk Mukhriz Mahathir, said Kedah's economy depended on industrial sector which needed strong infrastructure to grow.

"Kedah is actively involved in the Northern Corridor Economic Region (NCER) programmes, focusing on agriculture, manufacturing, tourism and logistics sectors.

"All these sectors offer huge investment potentials. A state with a modern and progressive citizens will attract investors and this will make it competitive," he said here today.

Mukhriz said this at the opening of the Al Rajhi Bank branch and the launch of the Hijrah Priority Card here today.

He said the presence of Al Rajhi Bank was appropriate now as it will offer more choices of Islamic banking products in the government's efforts to promote NCER.

"The bank's presence is strategic and is seen as helping encourage the flow of investments to Kedah.

"I hope the bank will offer more innovative syariah-compliant banking products," he said.

Meanwhile, Al Rajhi Bank (Malaysia) chief executive officer, Datuk Azrulnizam Abdul Aziz, said as an universal Islamic bank, Al Rajhi was committed to help drive the growth of Kedah.

The Riyadh-based bank has over 700 branches and 3,100 automated teller machines worldwide.

It has 24 branches in Malaysia. -- BERNAMA

SRS ZAJ AHM