ECER SEZ targets RM90b in investment

8/5/2009 — The Edge Daily
The East Coast Economic Region Special Economic Zone (ECER SEZ) launched by Datuk Seri Najib Razak yesterday, is expected to attract BM9O billion in direct domestic and international investments by 2020.
The first integrated special zone in Malaysia fivm Kertih in Terengganu to Pekan in Pahang was also expected to create more than 220,000 new job opportunities, said the prime minister.
He said special incentives would be introduced to draw investments and make economic activities in certain areas more attractive.
“Projects outside the SEZ area will continue. Because the (ECER) area is very wide, it needs a focal location,” he told reporters after launching ECER SEZ and the ECER Agropolitan project in Runchang here.
He said four free zones would be established in ECER SEZ to promote and focus on the chains between industrial clusters that would give a significant impact on the ECER economy— High Value Manufacturing, Agro-basedindustry; Gas and Petrochemical; Tourism/Real Estate; Knowledge/Education and ICT as well as Logistics.
“For the 2007 period until now, foreign and local investments totalling BM24 billion would have been expected from the private sector to develop projects in ECER in the tourism, manufacturing, petrochemical and agricultural clusters;’ he said.