ECERDC LEADS INVESTMENT REALISATION IN THE EAST COAST ECONOMIC REGION
Executive Committee established to oversee operation and development in ECER
PUTRAJAYA, 1 APRIL 2024: The East Coast Economic Region Development Council (ECERDC) has realised investments totalling RM41.4 billion in the East Coast Economic Region (ECER) as of March 2024, which is 84% of the RM49 billion target under the ECER Master Plan 2.0 (EMP 2.0). These investments have created 68,000 job opportunities and 23,000 entrepreneurial opportunities in the ECER region. During the same period, ECERDC has also facilitated committed investments totalling RM55.2 billion, which is 79% of the RM70 billion committed investment target under EMP 2.0.
“ECERDC’s role as a corridor authority is important in working with all agencies, departments, and ministries at the State and Federal levels to realise investments in ECER so that more employment and entrepreneurship opportunities can be created for the benefit of the rakyat,” said Prime Minister, YAB Dato’ Seri Anwar bin Ibrahim, after chairing the ECER Council Meeting at Perdana Putra, today.
The meeting was attended by YAB Dato’ Seri Dr. Ahmad Samsuri bin Mokhtar, Menteri Besar of Terengganu; YAB Dato’ Sri Wan Rosdy bin Wan Ismail, Menteri Besar of Pahang; YAB Dato’ Onn Hafiz bin Ghazi, Menteri Besar of Johor; and YAB Dato’ Panglima Perang Ustaz Dato’ Haji Mohd Nassuruddin bin Haji Daud, Menteri Besar of Kelantan. Also present at the meeting were the Minister of Economy, YB Tuan Mohd Rafizi Ramli; Minister of Investment, Trade and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz and YBhg. Dato’ Baidzawi Che Mat, Chief Executive Officer of ECERDC.
“ECERDC has sustained momentum in facilitating and realising investments in ECER through consistent initiatives and implementation of strategic projects which have created an investor- friendly ecosystem. The ECER Incentive Package by the Federal Government has also further enhanced ECER’s competitiveness as a preferred investment destination. Based on our performance thus far, I am confident that ECERDC will meet the investment targets set under EMP 2.0 by year end,” stated Dato’ Baidzawi Che Mat, Chief Executive Officer of ECERDC.
The primary discussion at the meeting was the establishment of an Executive Committee (“EXCO”) to evaluate and decide on all operational and implementation matters concerning the development of ECER. The establishment of the EXCO Committee will allow the ECER Council to concentrate on strategic and policy issues in the socioeconomic development of the East Coast Economic Region.
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ABOUT ECER AND ECERDC
ECER, which covers the states of Kelantan, Terengganu, Pahang, and the districts of Mersing and Segamat in Johor, is a rapidly transforming region that is steadily positioning itself as a distinctive, dynamic, and competitive destination for investments.
The East Coast Economic Region Development Council (ECERDC) is a statutory body established to spearhead the execution and implementation of the East Coast Economic Region (ECER) Master Plan. ECERDC plays a lead role in setting the directions, policies and strategies for the socio-economic development of ECER by promoting and facilitating investments into the Region. Established on 13 June 2008, ECERDC celebrates its 15th Anniversary in 2023.
Geographically, it covers a total area of over 69,000 sq km or 52% of Peninsular Malaysia. It is home to some 4.8 million people, or about 15% of the total national population. The economic growth in the Region is driven by six key economic clusters, namely Tourism, Oil, Gas & Petrochemical, Manufacturing, Agribusiness, Human Capital and Entrepreneurship Development as well as Logistics and Services. These clusters are supported by developments in Transportation, Infrastructure, Property and Environment to make the Region an ideal destination for business, investments, and quality living.
For media inquiries, kindly contact:
Tengku Mazlinda Tengku Mahmood
Manager, Media Relations
East Coast Economic Region Development Council (ECERDC) Tel: 03-8885 0182 / 010-408 1085
Email: mazlinda@ecerdc.com.my