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ECERDC set to attract RM9.5bil investments to Pahang this year

ECERDC set to attract RM9.5bil investments to Pahang this year

07 Mar 2023

The East Coast Economic Region Development Council (ECERDC) aims to attract RM9.5 billion in committed investments to Pahang this year, surpassing the RM5.5 billion achieved last year.

Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said ECERDC had secured RM2.07 billion committed investments in the first two months of the year as it geared up towards achieving the RM9.5 billion target, more than 40 per cent increase compared to last year.

The investments secured in the first two months of this year were due to ECERDC’s intensive promotional efforts and the close ties it had with the Pahang government, the International Trade and Industry Ministry, the Agriculture and Food Security Ministry, the Tourism, Arts and Culture Ministry and the Malaysian Investment Development Authority, he said.

“I am confident ECERDC will maintain its investment momentum and increase its promotion activities to attract more quality and high value investments to Pahang.

“Improving infrastructures and human capital development programmes carried out by ECERDC in line with the investment promotions will help strengthen Pahang as a preferred investment destination.

“Manufacturing, agribusiness, tourism, oil and gas, petrochemical, and renewable energy have been identified as the potential investment sectors which will help create more new jobs and entrepreneurial opportunities for the people in Pahang,” he said in a Facebook post today.

Wan Rosdy also said when he chaired today’s Pahang ECER Implementation and Coordination Committee (ICC) meeting in Putrajaya, they were briefed on the status of the recreational vehicle (RV) industry development initiative in Malaysia.

“The latest development includes a visit by the top management from a German RV manufacturing company, an RV component manufacturer and caravan trade fair organisers to the Pahang Automotive Park and Pahang Technology Park.

“The three-day working visit early last month was to explore potential investments in the RV assembly and manufacturing sector in ECER here,” he said.

In a move to boost the tourism sector and drive the local economy, Wan Rosdy said ECERDC had begun efforts under its “Mencipta Destinasi” (Creating Destinations) theme, which included upgrading Pantai Hiburan in Rompin.

“The project includes the construction of a main entrance, lookout tower, gazebos, ticket counters and other public facilities. Pantai Hiburan has been identified as the first RV site in ECER.

“The Pahang ICC committee was also given updates on other ongoing ECERDC projects including works to upgrade the Kampung Salang jetty in Pulau Tioman, water distribution pipes from Kemaman(Terengganu) to Gebeng(Kuantan) and the development at Pantai Hiburan,” he said.

Wan Rosdy expressed his gratitude to ECERDC for providing full backing to the government’s development agenda and continuing to become the catalyst of investments in new sectors that would contribute to creating quality and decent jobs, besides developing the ECER workforce.

Source: NST