RM2.6bil investments in ECER in Q1

CEO Baidzawi Che Mat (pic) said ECERDC would continue to focus on attracting foreign investment from Regional Comprehensive Economic Partnership countries such as Japan, China and South Korea as well as intensifying efforts to draw investments from Germany and two new target countries, Russia and India.

PETALING JAYA: The East Coast Economic Region (ECER) managed to attract committed investments worth RM2.6bil in the first quarter of 2021 despite facing numerous challenges brought about by Covid-19.

It secured a cumulative committed investment of RM17bil under the ECER Masterplan 2.0 (EMP 2.0) from 2018 until February 2021, that is expected to create more than 15,000 jobs and 1,800 business opportunities.