Pahang’s collaboration with the Federal Government helps bring in investments

KUALA LUMPUR, May 10 -- East Coast Economic Region Development Council (ECERDC) Chief Executive Officer Datuk Seri Jebasingam Issace John speaks during an interview with Bernama recently.ECERDC is expecting private investments to reach RM110 billion in the East Coast Economic Region (ECER) this year, a target actually set for 2020.--fotoBERNAMA (2017) COPYRIGHT RESERVED
'With Federal and state governments partnership, Pahang has emerged as a choice destination for investors.' - Datuk Seri Jebasingam Issace John

KUANTAN: Pahang has seen an increase in private investments, largely driven by the collaboration with the Federal Government through the East Coast Economic Region Development Council (ECERDC).

As at May, Pahang had successfully secured RM56.9bil in domestic and foreign investments, creating over 53,565 job opportunities for the people.

According to a statement from the ECERDC, the total private investments in Pahang’s manufacturing sector now stood at RM29bil, with more than 35,400 job opportunities created, when the Malaysia-China Kuantan Industrial Park (MCKIP) recently secured an investment for a new chemical fertiliser manufacturing plant from Sichuan Migao Chemical Fertilizer Industry Co., Ltd.

Meanwhile, the construction of the Cybercentre at Pahang Technology Park is on track for completion by August this year to facilitate the growth of halal food, biotechnology, information and communication technology as well as agritech industries.

“Following the Federal and state governments’ strong partnership, Pahang has now emerged as a competitive and resilient destination of choice for investors. The Federal Government will continue to invest in developing high-impact projects and strategic infrastructure to further facilitate and spur the creation of new jobs and entrepreneurial opportunities for the rakyat through increased investments and socio-economic growth,” said ECERDC chief executive officer Datuk Seri Jebasingam Issace John in the statement.

The statement was issued following the ECER Implementation and

Coordination Committee Pahang meeting, which was chaired by Mentri Besar Datuk Seri Adnan Yaakob.

Investments into Pahang were also expected to be accelerated with the completion of several infrastructure projects such as the Kuantan Port expansion.

Currently, the construction of a breakwater at Kuantan Port is in an advanced stage while the external infrastructure works at the port, such as the interchange, flyover and new port entry road are on track for completion in phases, said the statement.

Up to 43 projects worth RM7.05bil from bumiputera companies had also received incentives from either the ECER Incentive Package or Facilitation Fund under TERAJU@ECER or both.

Between 2012 to May 2017, TERAJU@ECER had approved facilitation funds amounting to RM45.5mil to 21 projects in the state, involving investments of up to RM357.1mil.

In addition, the Kompleks Serambi Teruntum which will become a one-stop centre for tourists and locals, is expected to commence operations by September 2017.

Upon completion, 94 pasar tani traders and micro entrepreneurs from the town centre will be relocated to enjoy the amenities of the new complex.

About 30% of the business space at the complex is allocated for entrepreneurs who have participated in ECERDC’s inclusive human capital development programmes, namely empower ECER and entrepreneur ECER.

“In line with the National Transformation Agenda and Malaysia’s vision to become a high-income nation, we will continue to invest in public infrastructure projects, promote investments as well as upskill the local talent pool in the ECER with the ultimate aim of empowering the rakyat and improving their livelihood,” said Jebasingam.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Metro , Southern Eastern Region , ecer


Others Also Read