Malaysia East Coast Zone To Attract MYR90 Billion Invest By 2020 –PM

8/4/2009 — easybourse (Dow Jones)
Malaysia’s prime minister launched a special economic zone Tuesday on the country’s east coast, aiming to attract MYR90 billion of investments by 2020.
The zone stretches from Kertih, in oil-rich Terengganu state, to Pekan in Prime Minister Najib Razak’s constituency in Pahang state.
In a statement, the East Coast Economic Region Development Council said the zone is expected to create 220,000 new jobs, and that infrastructure and utilities will be upgraded.
The zone will act as the east coast’s processing and marketing center for manufactured products and mineral resources, the council said.