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Friday September 21, 2012

Pahang targets RM30bil in investments by 2020, says Adnan

KUANTAN: Pahang is targeting some RM30bil in investments by 2020 said Mentri Besar Datuk Seri Adnan Yaakob.

He added that up to last year, the state had secured a total of RM6bil in investments.

“This is not impossible to achieve as we are an investor-friendly state with vast opportunities.

“Our target cluster sectors are industrial, construction, agriculture, green technology and petrochemical,” he said at the first state economic advisory council meeting at The Zenith Hotel here recently.

State matters: Adnan (centre) chairing the first state economic advisory council meeting held in Kuantan, Pahang. State matters: Adnan (centre) chairing the first state economic advisory council meeting held in Kuantan, Pahang.

During the meeting, a host of issues were discussed with all council members giving their feedback on ways to boost economic growth for the state.

Adnan said priority would be given to aspects of implementation to ensure all earmarked projects took off in line with the country’s Economic Transformation Pro­gramme.

“The five cluster sectors would provide the much-needed push to boost the state economy and downstream activities.

“We would seek views and suggestions from all council members every three or four months,” he said.

Earlier, Adnan said Pahang was slightly below par in terms of Gross Domestic Product growth at 4.9% as compared to 5.1% at the national level.

The state’s per capita income stood at RM22,743 as compared to the national figure of RM27,113.

“However, we have seen a positive growth from year to year and are seeking to close the gap.

“In terms of inflation, we are doing slightly better than the national average with a rate of 3% as compared to 3.2%,” he said.

Pahang would shift its focus onto higher value economic activities and new emerging sectors such as biotechnology and renewable energy to accelerate socio-economic development by generating job opportunities and income.

Of the major infrastructure projects underway, he said a four-lane dual carriageway Central Spine Road would be built connecting Lipis, Raub and Bentong, while the Pekan-Nenasi-Endau Rompin would improve linkages between East Pahang and the North-South highway as well as Singapore.

“Recognising the need for a healthy economy to thrive in cyberspace, comprehensive high-speed broadband and cellular infrastructure upgrades across the state will be carried out under the Connected@Pahang programme.

“We are also working to improve quality of life for the people by ensuring availability of quality healthcare and public transport,” he said.

Construction of the integrated transport terminals, added Adnan, would accommodate some 6.35 million users per year in Indera Mahkota, Kuantan and 177,040 users in Bandar Tun Razak, Jengka.

Two more terminals were planned for construction in Temerloh and Bentong.

A rural transformation centre, added Adnan, would be set up in Jambu Rias, Bentong and an urban transformation centre in Indera Mahkota had been identified to generate further economic spin-off.

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