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Region Set for Growth
The way forward for the ECER’s economy will very much centre on developing several key sectors:
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The development of the service industry in the ECER will see a new focus in the tourism industry, particularly in segments such as mainland coastal and island tourism, highland tourism, ecotourism and cultural heritage tourism.
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The region has also attracted substantial investments in upstream oil and gas exploration and production activities, as well as downstream refining and petrochemical based venture. Efforts will be made to spur propylene and ethylene based industries.
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Non-resource based industries such as boat-building and repair, automotive assembly and distribution, handicraft and textile making and heavy industries will be enhanced to be more competitive.
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The agro and resource-based industries, long a mainstay of the region’s economy will receive a boost with agriculture branching out to embrace new areas of interest such as gearing towards high-yield and large-scale commercial farming. Wood, latex and palm oil-based products, together with plastics and polymers will form much of the region’s industrial output for local consumption and export.
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The education cluster will witness the development of services and skills training in line with the needs of the region and the nation. At the same time, the quality of educational products will be enhanced to turn it into a marketable offering overseas.
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Due emphasis will be given to the logistics and distribution services, especially in the movement of goods and products, to strengthen the ECER’s position as a major trade and commerce hub.
Leveraging on resources already in place, these developments will change the ECER ’s social and economic landscape.
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