THE Federal Government, through the East Coast Economic Region Development Council (ECERDC), has attracted a total of RM9.5bil in committed investments to Pahang this year.
In a statement, ECERDC said this exceeded the target of RM5.1bil in committed investments for the state for 2021.
The council also anticipates the creation of over 6,700 new jobs and 170 entrepreneurial opportunities for people in the state.
“The year has also seen ECERDC realising investments amounting to RM2bil for the state.
“The outstanding results during this challenging time is indeed a testament to the close cooperation among the ECERDC, the Federal and state governments as well as agencies.
“They include integrated highlands development plus expansion of steel and glove manufacturing in Pahang for 2021,” said the statement, which was issued after a virtual meeting of the ECER implementation and coordination committee Pahang chaired by Mentri Besar Datuk Seri Wan Rosdy Wan Ismail.
ECERDC said it was working closely with the state government and Malaysian Investment Development Authority to hold more 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, we have organised three webinars in the first half of 2021 to engage with international investors.
“These include the ‘Investment Opportunities in the East Coast Economic Region for Petrochemical and Automotive Industries’ webinar held with Japan External Trade Organisation as well as ‘Malaysia: The Oil, Gas and Petrochemical Hub for Asean’ webinar in collaboration with trade representatives from the Russian Federation.
“There was also a webinar titled ‘Investment Opportunities in Life Sciences and Medical Technology in ECER’.
“These webinars saw over 900 potential investors participating and we remain confident of attracting new investments to ECER and the state of Pahang,” said ECERDC chief executive officer Baidzawi Che Mat.
ECERDC said it would position Pekan Automotive Park as a Green Automotive Industrial Park in collaboration with Malaysian Green Technology Corporation, Sirim and Asia Centre of Excellence for Smart Technologies.
ECERDC will also maintain its focus in boosting economic growth in Pahang Barat through agricultural and tourism activities while raising the socio-economic well-being of the people through human capital development programmes.
Baidzawi said Pahang was still at the forefront of economic growth in ECER, with strong contributions from the manufacturing sector.
“ECERDC is committed to ensuring that this economic growth continues in Pahang, so that the benefits will spill over to other states as new strategic sectors and their respective value chains will continue to grow and evolve across the ECER.
“As such, ECERDC will continue to implement high-impact projects that will bring about long-term benefits to the economy and raise the living standards of people in Pahang,” he said.