The population of the ECER SEZ will grow to 1.3 million, accompanied by the targeted creation of 220,000 new jobs, by 2020. Its economy will move from labour-intensive industries to high-technology, knowledge-based activities and the service sector.
Although the ECER SEZ forms only 6% of the landmass of the entire ECER, it will have a significant impact as it will create 50% of all jobs and 80% of the economic output of the ECER.
The ECER SEZ is poised to become a strategic destination for investors given its position to access the vast markets of the Far East and the Asia Pacific, with a total population of 4 billion and a combined GDP of US$17 trillion. Investment within the ECER SEZ is estimated to total RM90 billion up to 2020.
