The economic growth of ECER since its establishment in 2008 has mainly been driven by private investment in five key economic clusters, namely Manufacturing, Oil, Gas and Petrochemicals (OGP), Tourism, Agribusiness and Human Capital Development. Under the ECER Master Plan 2.0 (EMP2.0), Logistics and Services has been identified as a key sector that enables economic growth across economic clusters. As such, Logistics and Services is the sixth cluster targeted for growth in the Region.
Domestic Direct Investment (DDI) made up 45% of the Region’s total private investment between 2007 and 2019 while Foreign Direct Investment (FDI) made up 55%. The bulk of FDI came from Japan, South Korea, Germany, United States and China, who were drawn to ECER for its rich natural resources, competitive cost of doing business, strategic infrastructure and attractive fiscal and non-fiscal incentives.
Find out more about ECER’s Key Economic Clusters and the opportunities and benefits awaiting investors.
ECER’s established ecosystems, resources, and infrastructure makes it a highly-competitive manufacturing destination.
OIL, GAS AND PETROCHEMICAL
The OGP sector in ECER is a well-established and will be further enhanced in line with Malaysia’s aspiration to continue to grow as an OGP hub in Asia Pacific.
ECER is home to world-class tourist destinations.
To further grow this industry, several tourism sub-segments have been identified for focused development.
ECERDC’s strategic development of Agribusiness offers abundant opportunities for investors in ECER in areas such as crops, livestock and fisheries.
HUMAN CAPITAL DEVELOPMENT
One of ECERDC’s primary goals is to enable all communities, particularly youth, women, Orang Asli and B40 groups to participate in and contribute to ECER’s socio-economic growth.
LOGISTICS & SERVICES
This sector is targeted for growth in order to facilitate the growing economic productivity and efficiency of the Region.