PUTRAJAYA, 16 DECEMBER 2013:The East Coast Economic Region (ECER) today announced new committed investments in the Region amounting RM10.08 billion by 12 investors, which include 3 recipients of the TERAJU Facilitation Fund for Bumiputera entrepreneurs.

The investments consist of four investments worth RM5.61 billion in Pahang, five investments in Kelantan worth RM2.96 billion and three investments in Terengganu worth RM1.51 billion.

With these new investments, the amount of investments attracted by the region in 2013 alone stood at RM28.46 billion. The total investments in ECER recorded since 2007 to date amounted to RM55.8 billion, already surpassing the halfway mark of ECER’s RM110 billion investment target by 2020. The RM55.8 billion investments are expected to create 55,000 job opportunities for the rakyat.

Prime Minister, Y.A.B. Dato’ Sri Mohd Najib Tun Abdul Razak witnessed the exchange of the investment commitments in ECER by the investors at a special ceremony here this evening.

Earlier, the Prime Minister also witnessed the exchange of Collaboration Instrument between the East Coast Economic Region Development Council (ECERDC), Malaysian Biotechnology Corporation (BiotechCorp) and Universiti Malaysia Pahang (UMP) to develop the Pahang Bio-Aromatic Park in Maran. The park will witness the development of a Bio-Aromatics Centre of Excellence and Innovation which will provide the required ecosystem to attract the arrival of flavour and fragrance industry players from Malaysia and abroad into ECER.

Patchouli has been identified as one of the potential plants to be cultivated at the bio-aromatic park in Maran. The project is expected to further strengthen ECER as a hub for bio-economy-based industries, with potential downstream investments estimated at over RM100 million.

Exchanging the document on behalf of ECERDC was its Chief Executive Officer, YBhg. Dato’ Jebasingam Issace John, while UMP was represented by its Vice Chancellor, Prof. Dato’ Dr. Daing Nasir Ibrahim. Biotech Corporation was represented by its Chief Executive Officer, YBhg. Dato’ Dr. Mohd Nazlee Kamal.

Meanwhile, details of the new investments in ECER announced today are listed below:

Investor Investor Details Project Location Amount (RM)
Genting Berhad Integrated tourism & theme park Genting Highlands, Pahang 5 bilion
Farm Resort (Gambang) Sdn Bhd 4-star hotel based on agro & ecotourism
concept
Gambang, Pahang 68.2 million
Boustead Hotels &
Resorts Sdn Bhd
5-star hotel Cherating, Pahand 200 million
Beta Assets Sdn Bhd Mixed development
project at
Kuala Terengganu City Centre
Kuala Terengganu,
Terengganu
1.5 billion
Admal Aviation Sdn
Bhd
Maintenance, repair
& overhaul (MRO) of planes
Kuala Terengganu,
Terengganu
280 million
Biz Markz Cement
Industries Sdn Bhd
Integrated
cement,manufacturing plant
Gua Musang, Kelantan 1.2 billion
ASN Cement Integrated cement,manufacturing plant Gua Musang, Kelantan 1.2 billion
Syarikat Usahasama
Seri Cemerlang
5-star hotel &
suites
Kota Bharu, Kelantan 300 million
Ilmu dan Hikmah Sdn
Bhd
Private university
college
Bachok & Kota Bharu,
Kelantan
238 million
Sub-Total 10 billion
TERAJU@ECER FIRMS
Kidz Fun
Manufacturing & Marketing
Sdn Bhd
Manufacturing of
educational toys
Kuantan, Pahang 37.08 million
Synergy Generated Sdn
Bhd
Solar panel
production
Setiu, Terengganu 36 million
AUEI Teras Holdings
Sdn Bhd
Condominium
development for university
students (hostel facilities)
Kota Bharu, Kelantan 6.67 million
Sub-total 79.75 million
GRAND TOTAL 10.08 BILLION