“The ECER secures RM13.3 billion in investments, surpassing its RM10 billion target, with projects across tourism, manufacturing, and marine industries creating 8,700 jobs.“
Kuala Lumpur, 16th Oct 2024, 02.20pm – The government will continue refining the development framework of the East Coast Economic Region (ECER) over the next five years to help close the regional development gap and draw more investments to the east coast.
Prime Minister Datuk Seri Anwar Ibrahim stated that key growth sectors for the region include the food basket, tourism, manufacturing (particularly hard-to-abate industries), and the marine industry. Additionally, the logistics sector and renewable energy are viewed as essential enablers for the ECER’s progress.
“Earlier this evening, I chaired the East Coast Economic Region Development Council (ECERDC) Meeting No. 2 for 2024. I was informed that ECER has achieved RM13.3 billion in realised investments in the first three quarters of this year, surpassing the target of RM10 billion,” the prime minister shared on his Facebook account on Tuesday.
He noted that these investments span 21 projects, which are expected to generate 8,700 job opportunities across various sectors, including steel manufacturing, petrochemicals, biomass products, and tourism.
He also emphasized that this achievement aligns with the goals of the Madani government, which prioritizes monitoring and facilitating the execution of announced investments.