ECERDC Eyes RM1 Billion In Deals From Mission To UAE, Saudi Arabia

1/25/2011 — BERNAMA
The East Coast Economic Region Development Council’s (ECERDC) second investment mission to the United Arab Emirates (UAE) and Saudi Arabia is expected to generate investment leads and deals worth nearly RM1 billion.
In a statement here Tuesday, its chief executive officer, Datuk Jebasingam Issace John, said the mission, from Jan 26 to Feb 6, 2011, was part of ECERDC’s continuous effort to promote the East Coast Economic Region to Middle Eastern investors.
“Our investment promotion efforts in the Middle East market are in line with the government’s Economic Transformation Programme which emphasises on private sector-led investments to create new jobs and boost the gross national income,” he said.
He said the mission would hold business meetings with potential investors in Abu Dhabi and Dubai in the UAE, as well as Jeddah and Riyadh in Saudi Arabia.
“Following the footsteps of our successful mission to both countries last year, this trip is crucial as it gives the ECER the chance to seal several business opportunities with companies in the UAE and Saudi Arabia,” he said.
Jebasingam said besides the Middle East, ECERDC has also identified China and India as its key focus markets for its investment promotion initiatives.