ECERDC attracts RM9.5bil in investments in Pahang

Datuk Seri Wan Rosdy Wan Ismail. -filepic

KUANTAN: The Federal Government through the East Coast Economic Region Development Council (ECERDC) has successfully attracted a total of RM9.5bil in committed investments to Pahang to date this year.

This exceeded the targeted RM5.1bil in committed investments for Pahang for the year 2021, according to the ECERDC.

The council said in a statement that this was anticipated to create more than 6,700 new jobs and 170 entrepreneurial opportunities for the people in the state.

"The year has also seen ECERDC realising investments amounting to RM2bil in the state.

"The outstanding investment result during this challenging time is indeed a testament of the close cooperation between ECERDC, the Federal and state governments, as well as relevant agencies that has led to this significant new investments varying from integrated highlands development, expansion of steel manufacturing plant and glove manufacturing in Pahang for 2021," said ECERDC.

The statement was issued after a virtual meeting of the ECER Implementation and Coordination Committee Pahang chaired by Mentri Besar Datuk Seri Wan Rosdy Wan Ismail on Thursday (Aug 5).

ECERDC said it was working closely with the state government and Malaysian Investment Development Authority in holding more investment promotion activities in the second half of 2021 to attract investors in key economic sectors.

"Despite not being able to lead overseas investment missions or hold physical events, ECERDC has organised three webinars in the first half of 2021 to engage with and attract international investors.

"These include the Investment Opportunities in the East Coast Economic Region for Petrochemical and Automotive Industries webinar with the Japan External Trade Organisation (JETRO), Malaysia; the Oil, Gas and Petrochemical Hub for Asean webinar in collaboration with trade representatives from the Russian Federation, and the Investment Opportunities in Life Sciences and Medical Technology in ECER.

"These investment webinars saw over 900 potential investors participating and ECERDC remains confident of attracting new investments into ECER and the state of Pahang," said ECERDC chief executive officer Baidzawi Che Mat.

On its moves, ECERDC said it would position the Pekan Automotive Park as a Green Automotive Industrial Park in collaboration with Malaysian Green Technology Corporation, Sirim and Asia Center of Excellence for Smart Technologies (ACES).

ECERDC would also maintain its focus in boosting economic growth in Pahang Barat through agriculture and tourism activities while also raising the socio-economic well-being of the people with human capital development programmes.

Baidzawi added that Pahang was still at the forefront of economic growth in ECER, with strong contributions from the manufacturing sector.

"ECERDC is committed to ensuring this economic growth continues in the state, so that the benefits will spill over to other states as new strategic sectors and their respective value chains continue to grow and evolve across the ECER.

"As such, ECERDC will continue to implement high-impact projects and initiatives that will bring about long-term benefits to the economy and in raising the living standards of the people in Pahang," he said.

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