PUTRAJAYA: The potential of the Kota Perdana Special Border Economic Zone (SBEZ) in Bukit Kayu Hitam, Kedah to attract new investments will accelerate the government’s efforts to revive the economy post-Covid-19, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pix).

He noted that the border town of Bukit Kayu Hitam has the advantage of being the main gateway for cross-border trade in the northern region.

“The main gateway in the north for cross-border trade with an estimated value of RM40 billion yearly should be capitalised on, to the maximum,” he said at the signing here today of a land deal at SBEZ between Hartalega NSM Sdn Bhd and Northern Gateway Free Zone Sdn Bhd.

The Northern Gateway Free Zone is a subsidiary of Northern Gateway Sdn Bhd, the principal operator of SBEZ, which is also a wholly-owned entity of the Minister of Finance Incorporated (MOF Inc).

Tengku Zafrul said the development of property components in Kota Perdana SBEZ was part of the Finance Ministry’s efforts to rebrand the development concept at the border town.

“The main gateway in the north for cross-border trade with an estimated value of RM40 billion yearly should be capitalised on, to the maximum,” he said at the signing here today of a land deal at SBEZ between Hartalega NSM Sdn Bhd and Northern Gateway Free Zone Sdn Bhd.

The Northern Gateway Free Zone is a subsidiary of Northern Gateway Sdn Bhd, the principal operator of SBEZ, which is also a wholly-owned entity of the Minister of Finance Incorporated (MOF Inc).

Tengku Zafrul said the development of property components in Kota Perdana SBEZ was part of the Finance Ministry’s efforts to rebrand the development concept at the border town.