KUANTAN: Pahang successfully secured RM56.4bil in domestic and foreign investments last year, creating 52,169 job opportunities.
East Coast Economic Region Development Council (ECERDC) chief executive officer Datuk Seri Jebasingam Issace John said Pahang had become one of the top destinations for investors especially in the manufacturing sector.
This follows the Government’s emphasis on developing key strategic and high-impact projects over the years.
“The investment into Pahang is expected to be given a boost with the completion of Kuantan Port’s expansion and ongoing progress in the Malaysia-China Kuantan Industrial Park (MCKIP) this year.
“These will have spillover benefits for the local community through greater job and entrepreneurial opportunities,” he said in a statement after the East Coast Economic Region Implementation and Coordination Pahang meeting which was chaired by Pahang Mentri Besar Datuk Seri Adnan Yaakob.
The industrial parks in the state, including MCKIP, Gambang Halal Park, Pekan Automotive Park and Kuantan Integrated Biopark had successfully attracted RM19.54bil worth of private investments in total.
The manufacturing sector contributed 51% to Pahang’s total investment with tourism as well as the oil, gas and petrochemical sectors contributing 26.3% and 7.3% respectively.
The East Coast Rail Line (ECRL) would be another significant game-changer in the region that would spur a new wave of development in the ECER.
The 600km ECRL would directly link key economic and industrial areas within the ECER, including Kuantan and Bentong in Pahang as well as Kuantan Port and Port Klang in the west coast.
The statement said with cost of freight transportation expected to be reduced, investors in Pahang would stand to benefit through lower production costs.
“The projects will also create jobs and open new business opportunities.
“The towns which stand to benefit are Bentong, Mentakab, Maran, Gambang, Kuantan Sentral, Kuantan Port and Cherating,” said Jebasingam in the statement.
More than 35,000 people from Pahang had also benefited from ECERDC’s human capital development programmes such as empower ECER, entrepreneur ECER, ECER Talent Enhancement Programme, Agropolitan, Suri@Home and TeraS.
“This year, ECERDC hopes to reach out to 1,350 budding entrepreneurs via the entrepreneur ECER programme.
“We will be working with Universiti Teknologi Mara to promote the local batik industry by grooming entrepreneurs to promote the Malaysian textile industry internationally,” said Jebasingam.