9/6/2010 — China Daily
ECERDC will embark on its first investment mission to China. The Development Council will also be participating in the 14th China International Fair for Investment and Trade (CIFIT 2010) held in Xiamen from September 8 to 11.
According to the source, the investment mission will led by the ECERDC’s Council Member and entrepreneur, Tan Sri Lee Shin Cheng, the delegation includes the development authority’s Chief Executive Officer, Datuk Jebasingam Issace John, senior officers and high-level officials from the ECER states.
Issace said that the ECER offers attractive fiscal and non-fiscal incentives to boost investments in tourism; oil, gas and petrochemical; manufacturing; agriculture and education. The region also has good infrastructure, abundant land, natural resources, good quality human capital and is easy to do business. “With its strategic location and strong government support at both Federal and state level, ECER Malaysia is poised to become a major trade and industrial gateway, offering investors access to the vast, burgeoning markets of the Far East and the Asia Pacific,” Datuk Issace noted.
ECER was launched by Malaysia former Prime Minister Abdullah Ahmad Badawi on Oct, 2007. The East Coast Economic Region (ECER) of Malaysia, covers the states of Kelantan, Terengganu, Pahang and the district of Mersing in Johor. ECER will have an estimated RM112 billion worth of development and 227 projects will be implemented under the master plan.