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Seminar on The Growing and Expanding Opportunities in the East Coast Economic Region

MIDA Insights - Events

Feb 2020 - E3

MIDA in collaboration with the East Coast Economic Region Development Council (ECERDC), UOB Malaysia, and Viknesh and Yap Law Firm, organised a seminar namely, "The Growing and Expanding Opportunities in the East Coast Economic Region" on 27 February 2020. With over 100 participants from various industries, the event featured a line-up of speakers who provided insights on business opportunities and facilities available for companies to invest in the Economic Accelerator Projects (EAPs) along the ECRL Corridor.

In his welcoming remarks, Mr. Ahmad Khairuddin Abdul Rahim, Deputy Chief Executive Officer II of MIDA said, "MIDA is optimistic that through the EAPs, the rail project will contribute towards bridging the development gap between the east and west coasts of Peninsular Malaysia, given the potential growth for industrial, commercial and tourism sectors in the Region.

Companies must take advantage of the various initiatives that are available such as Pioneer Status, Investment Tax Allowance, Automation Capital Allowance and grants such as the Domestic Investment Strategic Fund (DISF) and Digital Transformation Acceleration Programme (DTAP) to grow their business in the country.”

Mr. Baidzawi Che Mat, Chief Executive Officer of ECERDC, credited the ecosystem of public-private partnership, implementation of strategic infrastructure projects and inclusive human capital programmes, which have turned ECER into an attractive investment destination resulting in the Region's rapid growth. "We have achieved significant progress despite the global economic challenges by working closely with the relevant government agencies and the private sector to attract and facilitate more private investments in the ECER. With what has been achieved in the ECER so far, we are confident that our Region has begun the next leap of socio-economic growth.

As we continue to work closely with MIDA and other domestic and international investors, we will continue to spearhead ECER's rapid growth to become a competitive, dynamic and vibrant investment destination. This, in return, will benefit the rakyat through the creation of jobs and entrepreneurial opportunities," said Mr. Baidzawi.

Feb 2020 - E3

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Last Updated : Friday 25th September 2020