ECER records RM13.3bil in realised investments, says Anwar
16 Oct 2024
The East Coast Economic Region (ECER) has recorded RM13.3bil in realised investments, says Prime Minister Datuk Seri Anwar Ibrahim.
“I was informed that for the first three quarters of this year, ECER managed to record a total of RM13.3bil in realised investment against the target of RM10bil,” he said in a post on his Facebook account on Tuesday (Oct 15).
He added that this amount involves 21 projects that are capable of creating 8,700 job opportunities in various industries, including steel manufacturing, petrochemicals, biomass products and tourism.
Anwar added that he was told this when he chaired the East Coast Economic Region Development Council (ECERDC) Meeting Number 2 of 2024 and added that the government will continue to streamline its development framework for the next five years.
He said this is so that efforts to bridge the development gap between regions and attract more investments to the east coast can be realised.
Anwar said that the main drivers of growth for the region include the food basket, tourism, manufacturing (hard-to-abate) and marine industries.
He added that the success is in line with the wishes of the Madani Government which always emphasises the importance of monitoring and facilitating the implementation of announced investments.
Source: Bernama
