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This consists of 21 projects that have the potential to create 8,700 job opportunities in various industries including steel manufacturing, petrochemicals, biomass products and tourism.
Prime Minister of Malaysia Anwar Ibrahim recently chaired the East Coast Economic Region Development Council (ECERDC) Meeting Two of 2024.
Established in the meeting, the ECER managed to record a total of RM13.3bn in investments in the first three quarters of the year, realised against the target of RM10bn. This consists of 21 projects that have to potential to create 8,700 job opportunities in various industries including steel manufacturing, petrochemicals, biomass products and tourism.
PM Anwar asserts: "This 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 from within and outside the country."
The meeting also discussed development plans for ECER in line with the framework for the preparation of the 13th Malaysia Plan (RMK-13) that is being implemented.
Among the main economic cores identified as growth drivers discussed include industries related to the food basket, tourism, manufacturing (hard-to-abate), and the marine industry. The role of the logistics and renewable energy sector as an enabler for ECER was also discussed.
"It is important for the Government to continue streamlining the next five-year development framework for ECER so that efforts to bridge the development gap between regions and attract more investment to the East Coast Region can be realised."
Lead image / Prime Minister Anwar Ibrahim
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