ECER confident of RM110b target
> Latest investment deal amounts to RM9.9b in key sectors
KUALA LUMPUR: The East Coast Economic Region (ECER) is on track to achieve its RM110 billion investment target by 2020.
On Monday, ECER managed to secure a deal worth RM9.9 billion in key sectors such as manufacturing, tourism, bioeconomy and real estate.
“These new investments alone are expected to create additional entrepreneurial opportunities and over 4,000 jobs for the rakyat in the ECER,” ECER Development Council (ECERDC)said in a statement released after the ECER meeting held at Parliament building here.
“Today’s event involves the exchange of documents between the council and 14 foreign and domestic investors in ECER.”
The meeting was chaired by Prime Minister Datuk Seri Najib Abdul Razak, who is the ECERDC chairman.
With the latest investment, the government’s statutory body has attracted RM109.15 billion in investments and created more than 140,000 job opportunities to date.
The ECERDC was established in 2008 to spearhead the execution and implementation of the ECER master plan.
ECERDC plays a lead role in setting the directions, policies and strategies for the socio-economic development of ECER by promoting and facilitating investments into the region.
ECER, which covers the state of Kelantan, Terengganu, Pahang and the district of Mersing in Johor, is a rapidly transforming region that is steadily positioning itself and facilitating investments into the region.
It occupies an area of 66,000sq km or 51% of the total area of Peninsular Malaysia.