ECERDC pulls in RM2.7 bil committed investments to Terengganu as at June 30, 2021 - MIDA | Malaysian Investment Development Authority
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ECERDC pulls in RM2.7 bil committed investments to Terengganu as at June 30, 2021

ECERDC pulls in RM2.7 bil committed investments to Terengganu as at June 30, 2021

26 Jul 2021

The East Coast Economic Region Development Council (ECERDC) is confident of achieving the 2021 investment target for Terengganu by the end of this year.

Chief executive officer Baidzawi Che Mat said as at June 30, 2021, ECERDC had managed to attract investments of RM2.7 billion from the committed investment target of RM3.9 billion for Terengganu this year.

He also expects the investments to create a total of 3,040 jobs and 214 new entrepreneurial opportunities for the people of Terengganu.

“ECERDC will continue its efforts to ensure that all ongoing projects and initiatives, such as infrastructure works and human capital development programmes, are implemented as planned to enhance the state’s attractiveness as an investment destination,” he said in a statement today.

Baidzawi said ECERDC would also continue to intensify efforts to attract more investments to the region, especially in the oil, gas and petrochemical (OGP) sector.

“While unable to lead overseas investment missions or hold physical events, ECERDC managed to organise three webinars in the first half of 2021 to build relationships and attract international investors.

“More than 900 potential investors participated in these three investment webinars,” he said.

In addition, Baidzawi said more webinars are being planned for 2021 to attract investors to other key economic sectors in Terengganu, such as agriculture, tourism and bio-energy.

Apart from that, he said that the ongoing expansion at Phase 3 and Phase 4 of the Kertih Biopolymer Park, an integrated industrial park, would also enable the state to become a key player in the global industrial biotechnology sector.

“Phase 1 and Phase 2 are almost fully occupied and the advantage of this industrial park lies in easy access to raw materials for the sector. 

“The park has attracted committed investments of RM5.4 billion since its launch and has created more than 6,000 jobs,” he said.

Baidzawi said ECERDC had also implemented various retraining and skills upgrading programmes for graduates to help those affected by the Covid-19 outbreak.

“In Terengganu, a total of 1,135 participants have been trained and out of that number, 943 people have been offered jobs, where they enjoy an income of between RM1,400 and RM4,000 a month.

“Likewise, the Empower ECER academic training programme in Terengganu recorded a commendable pass rate of 98% higher than the national average in the Sijil Pelajaran Malaysia 2020 examinations,” he said.

Source: Bernama